EU blacklisting's potential impact on Botswana's COVID-19 measures

Through its membership of the ESAAMLG, Botswana was subjected to an AML/CFT risk assessment in 2016 to evaluate measures in place and the effectiveness of the country’s AML/CFT systems in detecting and deterring money laundering and terrorist financing and providing recommendations on how the system could be further strengthened.

Following the review, it was noted that the country’s AML/CFT systems have deficiencies, which led to the country being put on the FATF list of countries that need to improve AML/CFT measures (Grey Listing).