Botswana's measures to combat money laundering and terrorist financing

Publication details

Language

English

Country

Botswana

METHODOLOGY

ESAAMLG completed its assessment of Botswana's anti-money laundering and counter-terrorist (AML/CFT) system.  The assessment is a comprehensive review of the effectiveness of Botswana's measures to combat money laundering and terrorist financing and its level of compliance with the FATF Recommendations.    

This mutual evaluation report was adopted by the ESAAMLG Council of Ministers in May 2016 and the findings of this assessment have also been reviewed and endorsed by the FATF. 

ESAAMLG Mutual Evaluation Report of Botswana

Filename
MER_of_Botswana _COUNCIL_Final _Publication.pdf
Size
2 MB
Format
application/pdf
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Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Botswana Mutual Evaluation 2017

R.1 - Assessing risk & applying risk-based approach
NC
R.2 - National cooperation and coordination
PC
R.3 - Money laundering offence
PC
R.4 - Confiscation and provisional measures
PC
R.5 - Terrorist financing offence
NC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
NC
R.7 - Targeted financial sanctions related to proliferation
NC
R.8 - Non-profit organisations
NC
R.9 - Financial institution secrecy laws
NC
R.10 - Customer due diligence
NC
R.11 - Record keeping
NC
R.12 - Politically exposed persons
NC
R.13 - Correspondent banking
NC
R.14 - Money or value transfer services
NC
R.15 - New technologies
NC
R.16 - Wire transfers
NC
R.17 - Reliance on third parties
R.18 - Internal controls and foreign branches and subsidiaries
PC
R.19 - Higher-risk countries
NC
R.20 - Reporting of suspicious transactions
PC
R.21 - Tipping-off and confidentiality
NC
R.22 - DNFBPs: Customer due diligence
NC
R.23 - DNFBPs: Other measures
PC
R.24 - Transparency and beneficial ownership of legal persons
NC
R.25 - Transparency and beneficial ownership of legal arrangements
NC
R.26 - Regulation and supervision of financial institutions
NC
R.27 - Powers of supervisors
LC
R.28 - Regulation and supervision of DNFBPs
NC
R.29 - Financial intelligence units
NC
R.30 - Responsibilities of law enforcement and investigative authorities
PC
R.31 - Powers of law enforcement and investigative authorities
PC
R.32 - Cash couriers
PC
R.33 - Statistics
NC
R.34 - Guidance and feedback
PC
R.35- Sanctions
NC
R.36 - International instruments
PC
R.37 - Mutual legal assistance
LC
R.38 - Mutual legal assistance: freezing and confiscation
PC
R.39 - Extradition
PC
R.40 - Other forms of international cooperation
PC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Botswana Mutual Evaluation 2017

IO1
LE
IO2
ME
IO3
LE
IO4
LE
IO5
LE
IO6
ME
IO7
LE
IO8
LE
IO9
LE
IO10
LE
IO11
LE

HE = high level of effectiveness   |   SE = substantial level of effectiveness    |   ME = moderate level of effectiveness   |   LE = low level of effectiveness

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