Botswana National Risk Assessment on Legal Persons and Legal Arrangements, Non Profit Organisations (NPO’s) and Trusts

1. We refer to the above captioned subject matter.

2. 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.

3. The purpose of this communique is to disseminate and submit the Risk Assessments on Legal Persons and Legal Arrangements, Non Profit Organisations (NPO’s) and Trusts ssummary to NBFIs in order for them to utilize it in addressing AML/CFT & P issues as well as use the findings as a basis to inform their understanding of ML/TF risks and develop programmes to mitigate the identified risks.

4 Regulated entities are advised to update their risk assessments, policies and any other related control measures to address the identified risks. For any further clarity on the above, kindly contact the AML/CFT Department: amlcft@nbfira.org.bw

Yours faithfully,

Sriram Gade (Mr)

ACTING CEO

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