Guidance Note on Proliferation and Proliferation Financing_AMLCFT and P Note 1 of 2020
NBFIRA 3/3/10-I (21)
To: AML/CFT Compliance Officers / Principal Officers - Non-Bank Financial Institutions (“NBFIs”
SUBJET: PROLIFERATION AND PROLIFERATION FINANCING GUIDANCE NOTE TO THE NON-BANKING FINANCIAL INSTITUTIONS (NBFIs)
- We refer to the above captioned subject matter.
- 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.
- The Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”), in consultation with the Financial Intelligence Agency, hereby in accordance with section 44 (l)(b) of the Financial Intelligence Act of 2019 issues a guidance note on proliferation and proliferation financing to help a regulated entities, otherwise referred to as specified parties in the FI Act to comply with their obligations under the Act.
- Regulated entities are advised to update their risk assessments, policies and any other related control measures to address the proliferation financing risk. For any further clarity on the above, kindly contact the AML/CFT Department on the contacts provided above.
Yours faithfully,
_________________
Sriram Gade (Mr)
DEPUTY CEO-REGULATORY
