Financial Intelligence Agency (FIA)
Botswana's financial intelligence unit. It receives, analyses, and disseminates suspicious transaction reports to law enforcement and competent authorities.
Africa · Country coverage
AML/CTF Compliance in Botswana
Botswana regulates AML/CTF through the Financial Intelligence Agency under the Financial Intelligence Act 2022. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Botswana
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUFinancial Intelligence Agency (FIA) Botswana
FATF statusESAAMLG member
Primary legislationFinancial Intelligence Act 2022
Overview
AML/CTF compliance in Botswana.
Botswana regulates money laundering and terrorist financing through the Financial Intelligence Act 2022, supported by the Financial Intelligence Agency, which receives and analyses suspicious transaction reports.
Specified parties must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the FIA, alongside supervision from the Bank of Botswana. Supervisors expect a designated compliance officer, sound internal controls, and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Financial Intelligence Act 2022
Botswana's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for specified parties across financial and non-financial sectors.
Bank of Botswana
The central bank supervises banks and other licensed financial institutions for AML/CTF compliance, working alongside the FIA.
ESAAMLG membership
Botswana is a member of the Eastern and Southern Africa Anti-Money Laundering Group, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious transactions to the FIA
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Botswana?
The Financial Intelligence Agency (FIA) receives and analyses suspicious transaction reports, while the Bank of Botswana supervises banks and other licensed financial institutions for AML/CTF compliance.
What is the main AML law in Botswana?
The Financial Intelligence Act 2022 sets the customer due diligence, recordkeeping, and reporting obligations for specified parties in Botswana.
Is Botswana a member of FATF?
Botswana is a member of ESAAMLG, the FATF-style regional body for Eastern and Southern Africa, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership.
How does MemberCheck support AML compliance in Botswana?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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