Botswana forms Financial Intelligence Agency

source: Sunday Standard
by Reuben Pitse
20-05-2010

The Botswana government has established an agency that will combat financial crimes like terrorism, human trafficking and money laundering.

The new organ, called the Financial Intelligence Agency, will be fully operational by April next year.

It will specifically analyze financial transactions that occur in the country, and also depend on information received from the public or informants.

Ellen Madisa, the Deputy Secretary for Financial Policy in the Ministry of Finance, said on Monday that the agency will not necessarily sniff into people’s bank accounts, adding that the banks will be [continue reading]

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