Financial Crime World

Financial Crime Investigation Methods in Botswana

The Financial Intelligence Agency (FIA) plays a vital role in investigating financial crimes in Botswana, including money laundering, terrorist financing, and the proliferation of weapons of mass destruction. As the country’s central agency for financial intelligence, the FIA receives information from various sources, analyzes it, and disseminates it to law enforcement agencies and supervisory authorities.

Mandate and Functions

The FIA is mandated by law to:

  • Request, receive, analyze, and disseminate financial information relevant to investigations into these crimes
  • Work closely with other organizations, including law enforcement agencies and supervisory bodies, to ensure effective investigation and prosecution of financial crimes

Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Activities

The FIA coordinates AML and CFT activities in Botswana by:

  • Conducting research on trends in money laundering and terrorist financing
  • Educating the public about these issues
  • Providing guidance notes on topics such as suspicious transaction reporting, customer due diligence, and detection of Covid-19 related fraud

Legislation

The FIA’s efforts are guided by several key pieces of legislation, including:

  • Financial Intelligence Act No. 2 of 2022
  • Financial Intelligence Regulations 2022
  • Counter-Terrorism (Implementation of United Nations Security Council Resolutions) Regulations, 2020

Public Reports and Guidance

The FIA publishes annual reports on its activities and achievements in investigating financial crimes. The agency also provides other reports and guidance notes on various topics.

Contact the FIA

For further information on the Financial Intelligence Agency or to report suspicious transactions, please contact: