EU puts Botswana on dirty money blacklist
Friday, February 15, 2019
In a statement, the EU – which is the world’s single richest market – said due to the listing, banks and other entities covered by EU anti-money laundering rules would be required to apply increased checks on financial operations involving customers and financial institutions from the blacklisted countries.
The listing comes as the country’s judiciary wrestles with one of the highest profile money laundering cases involving more than P230 million and a line up of prominent defendants including a former minister, High Court judge, top asset manager and senior government officials.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...