Lesotho Undergoes Second Round of Mutual Evaluation on Money Laundering, Terrorist Financing, and Proliferation Financing

The Kingdom of Lesotho is currently undergoing a thorough evaluation process to assess its compliance with international standards set by the Financial Action Task Force (FATF) in the fight against money laundering (ML), terrorist financing (TF), and proliferation financing (PF).

Background

Lesotho’s first round of mutual evaluation was conducted in 2010, with the report adopted in Mauritius in September 2011. This second round evaluates both technical and effective compliance with FATF standards.

Evaluation Team

A team of experts from various countries, including Eswatini, Kenya, Malawi, Rwanda, South Africa, Zambia, Zimbabwe, and the ESAAMLG Secretariat in Tanzania, is conducting the current assessment.

On-Site Visit and Report

As part of the evaluation process, Lesotho will host an on-site visit by the assessment team from November 17th to December 7th, 2022. The team will present its findings in a report that will be discussed and adopted during the Task Force of Senior Officials Meeting in Botswana in August/September 2023.

Key Dates

• November 17th - December 7th, 2022: On-site visit by the assessment team
• August/September 2023: Discussion and adoption of report at the Task Force of Senior Officials Meeting in Botswana