NBFIRA Re-appointed as Chair of the Botswana AML/CFT Supervisory Forum
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA), is pleased to announce it’s re-appointment as Chair of the Botswana AML/CFT Supervisory Forum for a period of 12 months commencing November 2020.
The Regulatory Authority, duly represented by Ms. Motsisi Mongati, Head of Anti-Money Laundering & Combatting the Financing of Terrorism (AML/CFT), chairs the forum which is an initiative designed to bring together all supervisory authorities in the AML/CFT regime with a view to promote a common understanding of supervisory obligations and approaches, information exchange as well as to facilitate cooperation amongst the supervisors.
The participating AML/CFT supervisors are:
- Bank of Botswana
- Financial Intelligence Agency
- Non-Bank Financial Institutions Regulatory Authority
- The Law Society of Botswana
- The Real Estate Advisory Council
- The Gambling Authority
- Registrar of Societies
- The Botswana National Sports Commission
- The Botswana Institute of Chartered Accountants
- The Diamond hub
- The Botswana Accountancy Oversight Authority
- The Director of Cooperative Development
- The Master of the High Court
Ms. Mongati is an Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) trained AML/CFT Assessor, an accredited member of the Compliance Institute of Southern Africa (CISA) and a member of the Association of Certified Anti- Money Laundering Specialists (ACAMS).
