Record Keeping & Customer Identification and Prominient and Influential Persons Guidance Notes To The Non-Banking Financial Institutions

NBFIRA 3/3/10-I (22)

To: AML/CFT Compliance Officers / Principal Officers - Non-Bank Financial Institutions (“NBFIs”)

SUBJET: RECORD KEEPING & CUSTOMER IDENTIFICATION AND PROMINIENT AND INFLUENTIAL PERSONS GUIDANCE NOTES TO THE NON-BANKING FINANCIAL INSTITUTIONS (NBFIs)

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 Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”), in consultation with the Financial Intelligence Agency, in accordance with section 44 (l) (b) of the Financial Intelligence Act of 2019 (“FI Act”)  hereby issues 2 guidance notes on

• a) Record keeping and customer identification
• b) Prominent and influential persons

4. These guidance notes are meant to help regulated entities, otherwise referred to as specified parties in the FI Act to comply with their obligations under the Act.

Yours faithfully,

________________

Sriram Gade (Mr)
Acting  Chief Executive Officer