Consolidated United Nations Security Council Sanctions List-13 May 2016
June 21, 2016
NBFIRA 3/3/4-I (20)
To: Principal Officers- Non-Bank Financial Institutions (“NBFIs”)
Dear Sir/Madam,
CONSOLIDATED UNITED NATIONS SECURITY COUNCIL SANCTIONS LIST
1. We refer to the captioned subject matter.
2. Botswana has an obligation to support international efforts to prevent, suppress and disrupt proliferation of weapons of mass destruction and the financing of terrorism.
3. In furtherance of the above, regulated entities are required to search their databases for any existence, dealings or relationship with the listed entities from the United Nations Security Council lists and report any positive matches, near matches or no matches to the Financial Intelligence Agency without delay. Kindly note that all regulated entities are therefore required to immediately search their databases upon receipt of this circular.
4 . The Consolidated United Nations Security Council lists can be found at the following websites; -http://www.un.org/sc/committees/1267/aq_sanctions_list.shtml; and -http://www.un.org/press/en/2015/sc11948.doc.htm
5. Kindly note that this list and any that have been disseminated before this one are in full force and effect until the United Nations Security Council (“UNSCR”) advises otherwise. Regulated entities are therefore expected to monitor and be on high alert for any future dealings or relationships with the listed entities of all circulars that have been disseminated to date and are responsible to continuously and timeously familiarize themselves with updates made by the UNSCR and the Financial Action Task Force (“FATF”) in their respective websites.
6. In addition, kindly view the FATF website at http://www.fatf-gafi.org/countries/#high-risk for updates on high risk and non-co-operative jurisdictions. Regulated entities are required to apply enhanced due diligence to business relationships and transactions with individuals from high risk and non-co-operative jurisdictions.
7. Regulated entities that provide products or services to the listed individuals, entities and other groups as a result of failing to implement adequate screening measures not only commit an offence in accordance with section 9 (3) of the Financial Intelligence Act but also expose themselves to an extremely high risk of Terrorist Financing and/or advancing weapons proliferation objectives.
8. For any clarity on the above, kindly contact our respective departments at 310 2595 or 368 6100.
Yours faithfully
Sriram Gade (Mr)
ACTING DEPUTY CHIEF EXECUTIVE OFFICER- REGULATORY
