AML/CFT Activities

Botswana AML CFT Activities

In June 2020, the European Commission added Botswana on the list of high-risk third countries with regards to anti-money laundering and counter-terrorist financing (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.

Bilateral Activities

Starting date
October – December 2020

Topics

  • FATF Recommendation 8
  • AML/CFT Investigations
  • Prison Intelligence
  • Financial Supervision
  • Terrorist Financing
  • UBO
  • Trade based money laundering
  • Financial Intelligence and Evidence

Regional Activities

Starting date
November – December 2020

Topics
Prison intelligence cells