The Botswana Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has published a guidance note for its supervised non-bank financial institutions on how to conduct an institutional proliferation financing risk assessment, as part of its supervisory role under the Financial Intelligence Act, 2022 (as amended). The guidance is directed to AML/CFT compliance officers and principal officers and is issued under section 49(1)(c) of the Financial Intelligence Act, which requires supervisory authorities, in consultation with the Financial Intelligence Agency, to establish and issue guidance notes to help specified parties comply with the Act. NBFIRA indicated the guidance is for supervised entities’ adoption.
Botswana Non-Bank Financial Institutions Regulatory Authority 2025-10-20
Botswana Non-Bank Financial Institutions Regulatory Authority issues guidance on conducting institutional proliferation financing risk assessments
The Botswana Non-Bank Financial Institutions Regulatory Authority (NBFIRA) issued a guidance note for non-bank financial institutions on conducting institutional proliferation financing risk assessments under the Financial Intelligence Act, 2022. The guidance targets AML/CFT compliance and principal officers, aligning with section 49(1)(c) of the Act, and is intended for adoption by supervised entities.