ABFA - the Association of Botswana Financial Advisers

September 10, 2019

To: All Non-Bank Financial Institutions (“NBFIs”)
COMMENCEMENT OF THE FINANCIAL INTELLIGENCE ACT (2019) AND THE FINANCIAL INTELLIGENCE REGULATIONS (2019)

1. We refer to the above stated subject matter.

2. NBFIs are hereby informed of the commencement of the Financial Intelligence Act 2019 (“the Act”) and the Financial Intelligence Regulations 2019 (“the regulations”) on the 4th September 2019.

3. NBFIs are therefore advised to familiarise themselves with the Act, comply with their obligations therein as well as review their policies and internal processes accordingly to prevent, suppress, and disrupt money laundering, proliferation of weapons of mass destruction and the financing of terrorism.

4. The Act and the Regulations are now available and accessible on the NBFIRA website. www.nbfira.org.bw

Yours faithfully,

____________________
O.M Ramasedi (Mr)
CHIEF EXECUTIVE OFFICER
Contact: [email protected]

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