Botswana flags P6.29bn in illicit money flows

The assessment, coordinated by the country’s financial authorities, including the central bank and enforcement agencies such as the Financial Intelligence Authority (FIA), consolidates sector-level risks into a single national framework. This year, the report identified five dominant domestic predicate offences generating illicit proceeds over the review period: tax crimes, obtaining by false pretence, corruption, fraud, and stealing by servant. Tax crimes emerged as the highest-risk domestic source of illicit funds, driven largely by underdeclaration of income and non-remittance of PAYE.

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has…