WHAT IS THE FINANCIAL INTELLIGENCE AGENCY?
The Financial Intelligence Agency is an institution constituted by the Financial Intelligence Act of 2009. It is an autonomous body under the Ministry of Finance and Development Planning that shall be the central agency for requesting, receiving, analysing and disseminating information on financial disclosures relating to suspicious transactions. The Agency is only one of the many stakeholders whose responsibility is to combat financial crimes, in particular Money Laundering and the Financing of Terrorism .
- Financial Intelligence Act (PDF) 2009 and is fully commenced
- Financial Intelligency Regulation 2013
- Financial Intelligence Agency Vision/Mission Statement and Values (PDF)
- What is the Financial Intelligence Agency’s role regarding the Financial Intelligence Act?
WHAT IS MONEY LAUNDERING?
Money laundering is the process by which proceeds derived from crime, for example money, property etc, are disguised to conceal their illegal origin. In its simplest form, money laundering is using money that is the proceeds of crime. In Botswana, the scope of the money laundering offence is provided for in the Proceeds of Serious Crime Act.
- Definition of money laundering in the Proceeds of Serious Crime Act
- The Money Laundering Cycle
- Why should Botswana worry about money laundering?
- Where it is easiest to identify potential money laundering activity?
FIA Contact Details
For further information on the Financial Intelligence Agency, the National Coordinating Committee on Financial Intelligence, Money Laundering and the combating of the Financing of Terrorism please contact:
Dr. Abraham Sethibe (Director)
Financial Intelligence Agency
Private Bag 0190
Tel: +267 3998400
Fax: +267 3931754