WHAT IS THE FINANCIAL INTELLIGENCE AGENCY?
The Financial Intelligence Agency (FIA) is statutorily mandated to act as a central Agency responsible for requesting, receiving, analysing and disseminating to an investigatory authority, supervisory authority or comparable body, disclosures of financial information, concerning suspicious transactions, required by or under any enactment in order to counter financial offences; or concerning the financing of any activities or transactions related to money laundering, terrorism and the proliferation of weapons of mass destruction in order to protect the integrity and stability of the financial system at national and international level.
The Financial Intelligence Agency as a central Agency, receives financial information from specified parties, supervisory and accountable institution to analyses such information and where there is a suspicion of money laundering, terrorist financing or the financing of proliferation of weapons of mass destruction offence, it disseminates the disclosure of information to law enforcement agencies and supervisory authorities, for investigation and possible prosecution.
It is also mandated to coordinate Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) activities in the Country. The Unit is also going to assist in informing policy direction by conducting research on trends of money laundering and terrorist financing and educate and inform the public about trends in money laundering and related crimes.
The FIU further exchanges and shares information with its foreign counter parts and undertakes typology studies on money laundering and terrorist financing techniques.
It is also mandated to coordinate Anti-Money Laundering, Combating the Financing of Terrorism and counter the financing of proliferations of weapons of mass destruction (AML/CFT/CPF) activities in the Country. The FIA informs policy direction by conducting research on trends of money laundering, terrorist financing the financing of proliferation of and educate and inform the public about trends in money laundering and related crimes.
Financial Intelligence Acts:
Attach in PDF:
- Financial Intelligence Act (PDF) 2009
- Financial Intelligency Regulation 2013
- The Financial Intelligence (Amendment) Act 2018
- The Financial Intelligence (Amendment) Regulations, 2018
- Botswana’s Mutual Evaluation Report-2007
- Botswana’s Mutual Evaluation Report-2017
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FIA Contact Details
For further information on the Financial Intelligence Agency, the National Coordinating Committee on Financial Intelligence (NCCFI), Money Laundering and the combating of the Financing of Terrorism please contact:
Dr. Abraham Sethibe (Director General)
Financial Intelligence Agency
Private Bag 0190
Tel: +267 3998400
Fax: +267 3931754