REAC Joins Fight Against Terrorism Financing, Money Laundering

Real Estate Advisory Council says it is spearheading the risk assessment of money laundering and terrorism financing in their sector.

Speaking recently, Real Estate Advisory Council (REAC) chairperson, Montshwari Mooketsi said in 2017 Botswana was found to have weak legal frameworks to curb these crimes.

The Financial Action Task Force (FATF) recommendation 1, requires countries to identify, assess and understand the ML/TF risk and apply a risk based approach (RBA) to ensure that measures to prevent/ mitigate ML/TF Risks are commensurate with the risks identified.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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