In October 2021, the FATF announced the removal of Botswana from the list of high-risk third countries with regards to anti-money laundering and counter-terrorist financing (AML/CFT).
The country had previously been listed in 2018. In June 2020, the European Commission added Botswana on the list of high-risk third countries with regards to AML/CFT.
This means that the country is considered as “having strategic deficiencies in their AML/CFT regime, also based on the fact that these countries were identified in the FATF document ‘Improving Global AML/CFT Compliance: on-going process statement’.”
The EU Global Facility on AML/CFT has been conducting training and activities in Botswana, with the aim of helping the country rectify its strategic deficiencies in national anti-money laundering and counter-terrorist financing framework.
Since October 2020, the EU Global Facility has provided continuous technical assistance through various training and activities to help Botswanian authorities and AML/CFT actors rectify the strategic deficiencies in its national anti-money laundering and counter-terrorist financing framework to be removed from the list.