Botswana Joins Fight Against Money Laundering

source: Mmegi
Lekopanye Mooketsi

A Financial Intelligence Bill aimed at providing a comprehensive legal framework to address money laundering issues was tabled in Parliament last week.

Finance and Development Planning minister Baledzi Gaolathe tabled the bill. He said the bill is also aimed at establishing a Financial Intelligence Agency, which will receive, analyse and disseminate information to various stakeholders.

These objective are in line with the government’s commitment to contribute to international efforts geared at fighting money laundering and the financing of terrorism.

Gaolathe said they decided to draft the proposed law after realising that the country needed to strengthen the implementation of various pieces of legislations dealing with money laundering in general. The intention is to also implement the [continue reading]

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