Guidance Note For Detection Of Covid-19 Related Crimes
To: AML/CFT Compliance Officers / Principal Officers – Non-Bank Financial Institutions (“NBFIs”)
SUBJECT: Guidance Note For Detection Of Covid-19 Related Crimes
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We refer to the above captioned subject matter.
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Botswana has an obligation to support international efforts to combat money laundering, prevent, suppress and disrupt proliferation of weapons of mass destruction as well as the financing of terrorism.
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The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) in conjunction with the Financial Intelligence Agency, hereby in accordance with section 6 (2) (d) of the Financial Intelligence Act of 2022 (“FI Act”) issues a guidance note on Detection of Covid-19 Related Crimes.
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The guidance note contains a compilation of Covid-19 fraud related typologies and trends observed during the Covid-19 pandemic. NBFIRA through this guidance note anticipates a better understanding and improved reporting of suspicious transactions thereby promoting compliance.
You may access the guidance note at http://www.nbfira.org.bw/guidance-note-detection-covid-19-related-crimes
