Perspectives and Insights
from the Rera Team
Religious bodies, AML/CFT-P in implementation challenges
In the spotlight: Churches have come under the radar AML/CFT probes PIC: CRUXNOW.COM Religious institutions that operate charities and places of worship perform an important role in our society. They provide comfort, support to the needy, hope and strength in the daily lives of many people. To survive, these institutions rely on donations from worshippers and supporters and income from investments or any business they operate. Religious institutions though are prime targets for financial crime. …
Discussions with Admirable Women: Keneilwe & Kgaotsang
In celebration of International Women’s Day last month, our Managing Director Michaela Powell-Rees sat down with Keneilwe Mere & Kgaotsang Matthews (Founding Partners of Moribame Matthews ) to talk family, women in the profession, and setting work requirements to meet your environment. Credits: Videography Re-Mmogo Visuals
Discussions with Admirable Women: Sharifa & Tiny
In celebration of International Women’s Day, our Managing Director Michaela Powell-Rees sat down with Sharifa Noor (Head of Operations at Kgori Capital) and Tiny Kgatlhwane (Managing Director of Kgare Insurance Brokers) to discuss their unique journeys & milestones. Credits: Videography: Re-Mmogo Visuals
M&A Advisors – What is their role?
The art of the deal: Advisors are key to M&A deals PIC: SCORE.ORG As an M&A Advisor one of the comments I hear most from my clients is: “I wish we had spoken to you sooner”. It is also not uncommon for people to ask me “So what is it you actually do as an M&A Advisor?” M&A stands for Mergers and Acquisitions. We generally classify our services into two categories, Sell Side Advisory Services…
Receivers of stolen information risk money laundering charge
Dirty cash: The authors say even receiving information could be punishable PIC: arachnys.com All too frequently there appears in a newspaper, stories about financial mismanagement or fraud in government, or an article analysing a government report which is not publicly available and it appears has been leaked to the paper involved by someone working in the ministry that published it. Or stories are published or aired on TV or radio of contractors considering legal action…
Threat of Terrorism to Botswana is Real & Getting Closer
Close to home: Mozambique is battling Islamic terrorists PIC: WWW.CHRONICLE.CO.ZA As risk consultants we realise that every risk management system has flaws and when it is in place it does not guarantee that identified risks will not occur and if they do, will have the level of impact that was assessed. Unfortunately, some risks are impossible to predict, and a few are extremely difficult to foresee. Perhaps an example of the latter is a terrorist…
Report Suspicious Behaviour or Face Jail
If you are a specified party or an accountable institution in Botswana, you have a responsibility to identify and report
Schools Must Mitigate Money Laundering Risk
A school is probably the last place you would consider being used as a vehicle to launder illegal money
EU Lives Up to its Threat and Lists Botswana as being High ML/TF Risk
As the clock struck midnight on Thursday, 1 October 2020, the European Union (EU) did what it threatened
Botswana Improves Rating in 2019 Basel AML Index
Since 2012, the Basel Institute on Governance in Switzerland has annually released the Basel Anti-Money Laundering Index.
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