EU listing of Botswana is hypocritical

Friday, May 15, 2020

Pushing on: Finance Minister, Thapelo Matsheka has taken over the fight against adverse EU listings PIC: THALEFANG CHARLES

On May 7, 2020, the European Commission outlined a new action plan to combat money laundering and terrorism financing in European member countries.

The intention is to develop and implement the plan over the next 12 months with the aim to improve the enforcement, supervision, and coordination of the EU’s rules on combating money laundering and terrorist financing. According to Executive Vice-President Valdis Dombrovskis:

“We need to put an end to dirty money infiltrating our financial system”. I could not agree more with him. Recent scandals involving European banks have highlighted the dismal failure of EU anti-money laundering and counter financing of terrorism (AML/CFT) systems.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Due soon: FlyNamibia will launch the Windhoek-Maun route in July

FlyNamibia set to launch Windhoek-Maun flights

Keto Segwai | 2d ago

Motse wa Setso more than a music festival

Lesedi Mkhutshwa | 2d ago

Creatives raise hands for political office

Goitsemodimo Kaelo | 2d ago

Levy on Technical Devices calls blind, partially sighted

Correspondent | 14 h ago

Kenosi’s love for Afro hair births Frocrowns

Nnasaretha Kgamanyane | 2d ago

Mangomolo to deliver NOW! Online Channel

Correspondent | 2d ago

Zacci WaBantwana releases Batswana Ke Kopa Skeem

Nnasaretha Kgamanyane | 2d ago

BNSC powerless as fights escalate

Calistus Kolantsho | 2d ago

Inspect the voters' roll!

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...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More