Botswana’s Unwavering Commitment to Combat Financial Crimes: An Update on Prevention Policies
Vienna, Austria - Botswana reaffirmed its commitment to fighting corruption and financial crimes during the 11th Session of the Working Group on the Prevention of Corruption held on June 9-10, 2020. President Mokgweetsi Masisi underscored the importance of transparent, accountable, and corruption-free institutions for Botswana to achieve its national objectives.
Aligning Laws and Policies with International Best Practices
As a UN Convention Against Corruption (UNCAC) member, Botswana is dedicated to reducing corruption and strengthening institutions. The government is addressing peer review recommendations to update its legal framework.
Legislatve Developments in Botswana
Proceeds and Instruments of Crime Act (2014)
Botswana introduced the Proceeds and Instruments of Crime Act in 2014, enabling the seizure and forfeiture of proceeds of crime regardless of a criminal conviction.
- Asset Forfeiture Unit (AFU) accomplishments:
- USD 11,000 worth of property and funds forfeited
- USD 9.6 million in restraint orders
Corruption and Economic Crime Act (2018)
A 2018 amendment to the Corruption and Economic Crime Act permits information sharing with foreign counterparts for cooperation in the fight against corruption and money laundering.
Whistleblowing Act (2016)
Botswana’s Whistleblowing Act, enacted in 2016, protects whistleblowers and promotes a culture of transparency.
Declaration of Assets and Liabilities Act (2019)
The Declaration of Assets and Liabilities Act, passed in 2019, requires specified persons, including the President and Vice President, to disclose their interests to prevent and detect corruption, money laundering, and acquisition of property from proceeds of crime.
Establishment of Dedicated Units
Anti-Money Laundering Unit
Botswana’s recent creation of the Anti-Money Laundering Unit aims to tackle money laundering and other related crimes.
Monitoring and Evaluation Unit
The Monitoring and Evaluation Unit, another new unit, focuses on improving performance and achieving organizational results.
Strategic Collaborations
Botswana fosters collaborations with the private sector and civil society to enhance community participation in the fight against financial crimes:
- Programs, sectors, and partnerships
- Promoting democracy, good governance, and the rule of law (Vision 2036)
Botswana’s Continued Commitment
Botswana’s steadfast dedication to financial crime prevention is evident through the enactment of robust legislations, the establishment of dedicated units, and strategic partnerships. The government remains committed to addressing peer review recommendations and adapting best practices.