UPDATE OF THE 1988 SANCTIONS LIST & CHANGES TO THE UNITED NATIONS SECURITY COUNCIL SANCTIONS LIST
Botswana has an obligation to support international efforts to prevent, suppress and disrupt proliferation of weapons of mass destruction and the financing of terrorism. In furtherance of the above, regulated entities are required to search their databases for any existence, dealings or relationship with the listed entities and individuals from the United Nations Security Council (UNSC) lists and report any positive matches, near matches or no matches to the Financial Intelligence Agency without delay. Kindly note that all regulated entities are therefore required to immediately search their databases upon receipt of this circular.
Please access the update of the 1988 sanctions list which was amended on July 21, 2016 wherein an individual was added to the list and the changes incorporated in the UNSC sanction list in the NBFIRA website under the legislative documents.
NBFI’s are encouraged to consult, on a regular basis, the Chair of the Security Council Committee website athttps://www.un.org/sc/suborg/en/sanctions/1988/materials to obtain a fully updated version of individuals and entities subject to sanctions measures.
Regulated entities that provide products or services to the listed individuals, entities and other groups as a result of failing to implement adequate screening measures not only commit an offence in accordance with section 9 (3) of the Financial Intelligence Act but also expose themselves to an extremely high risk of Terrorist Financing and/or advancing weapons proliferation objectives.
regulated entities are required to search their databases for any existence, dealings or relationship with the listed entities from the United Nations Security Council lists and report any positive matches, near matches or no matches to the Financial Intelligence Agency without delay. Kindly note that all regulated entities are therefore required to immediately search their databases upon receipt of this circular.
Kindly also access the Changes to the Consolidated United Nations Security Council List in the NBFIRA website legislative documents. The list is an update of a previously flagged individual who has now been removed from the ISIL and Al Qaeda sanctions list. The asset freeze, travel ban and arms embargo therefore no longer apply to this individual.
The names of individuals and entries removed from the ISIL and Al Qaeda sanctions list pursuant to a decision by the Security Council Committee can be found in the ‘Press Releases” section of the Committee’s website athttps://www.un.org/…/aq_sanctions_…/procedures-for-delisting
In addition, kindly view the FATF website at http://www.fatf-gafi.org/countries/#high-risk for updates on high risk and non-co-operative jurisdictions.
For any clarity on the above, kindly contact NBFIRA at 310 2595 or 368 6100.
