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MUTUAL EVALUATIONS


MUTUAL EVALUATION REPORT FOR THE REPUBLIC OF BOTSWANA .

ESAAMLG Council of Ministers adopts the Mutual Evaluation Report for the
Republic of Botswana

The ESAAMLG Council of Ministers approved and adopted the mutual evaluation report for the Republic of Botswana.  The report was prepared by the World Bank under the Financial Sector Assessment Programme. Before its approval by the Council of Ministers, the report was considered and adopted by the ESAAMLG Task Force of Senior Officials.

The major findings of the report include:-

  • Botswana has set up the key fundamentals of an AML regime through various legislative and regulatory instruments.
  • The legal and regulatory instruments provide for the criminalisation of money laundering, confiscation of proceeds of crime, preventive measures and suspicious transaction reporting;
  • The key components of the institutional framework for AML are in place and the Central Bank has been enforcing compliance with the AML requirements.

The report also identifies areas of deficiencies in the AML/CFT framework of Botswana. It makes comprehensive recommendations on actions that Botswana needs to take in the short and medium terms to strengthen its AML/CFT system to fully comply over time with international standards.


Click here to download a copy of the summary of the major findings of the report.

ESAAMLG Secretariat
11 February 2008

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 Posted:  09, Jan 17