FATF: BOTSWANA AML/CFT ASSESSMENT FOLLOW-UP REPORT

On 22nd August, FATF published a follow-up report from the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) to the May 2017 mutual evaluation report on the country’s AML/CFT systems.

It says that Botswana has made good progress in addressing most of the technical deficiencies identified in its MER, with deficiencies under Recommendations 3, 5, 20, 27, 36 and 38 have all been addressed.  Hence, Botswana has been re-rated compliant with these Recommendations.  For Recommendations 1, 4, 11 12, 21, 23, 29, 30, 31, 32, 39 and 40, the reviewers noted that there are still minor shortcomings and therefore Botswana has been re-rated “largely compliant”.  On Recommendations 6, 7, 9, 10, 13, 15, 16, 24, 25, 26, 28, 33 and 35 Botswana was re-rated “partially compliant”. The reviewers further noted progress on 2, 8, 18, 19, 22, 34 and 37, but that this progress does not justify re-rating of these Recommendations.  Botswana will remain in enhanced follow-up and will continue to report bi-annually on its progress in improving and implementing its AML/CFT measures.

http://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESSAMLG-Follow-Up-Report-Botswana-2019.pdf

Botswana

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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