Sunday, July 13, 2025
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    BTA seeks sponsorship to host World Junior Tennis tournament

    ‘International Tennis Tournaments Drive Economic Growth’- Thipe

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

  • Subscribe
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    BTA seeks sponsorship to host World Junior Tennis tournament

    ‘International Tennis Tournaments Drive Economic Growth’- Thipe

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Orebonye’s Defiant Rise Through North Africa’s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswana’s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

    Business Mind, Football Heart: Babitseng’s Journey to the COSAFA Executive

  • Subscribe
No Result
View All Result
The Business Weekly & Review
No Result
View All Result
Home News

Botswana Watch Eager to Mitigate Threats Faced by NGOs

mm by Tshepiso Gabotlhomolwe
March 13, 2023
in News
Reading Time: 2 mins read
0
Botswana Watch Eager to Mitigate Threats Faced by NGOs
Share on FacebookShare on Twitter
  • Non-compliance plays a role in cases of fraud and money laundering
  • Religion-based NPOs account for 70% of resources

Botswana Watch, a Non-Profit Organisation (NPO) led by Robert Letsatsi,  recently hosted a two-day conference in Gaborone to sensitise NPOs on the importance of transparency and the effects of money laundering (ML) and financial terrorisn (FT).

Letsatsi who is a director of Botswana Watch, said NPOs in Botswana have proven to be non- compliant by not submitting annual returns to the Registrar of Societies. He explained that while 40 percent of them do file, there is a significant number of NPOs with considerable financial resources and coverage of the country which do not file annual returns.

Letsatsi noted that Botswana has been able to conduct its first risk assessment using both quantitative and qualitative methods to collect and analyse data by focusing on adequacy of controls in place against threats. In the result, he said, the risk assessment identified that religious organisations, burial societies, community-based organisations and sporting societies hold more than 70 percent of the total number of NPOs in Botswana.

Letsatsi noted that in terms of proportion of financial resources and connection to international activities, NPOs engaged in religious activities, businesses, charitable and cultural activities have a significant presence. He said Botswana will continue to use risk assessment of NGOs/NPOs to see how best to improve issues of compliance and further educate on issues of security and ability to identify risks. According to the report on the risk assessment, the analysis of annual returns for 2018 showed that about 70 percent of the resources were concentrated in religion-based NPOs.

Also speaking at the conference was a guest of Botswana Watch from Uganda, Yona Wanjala, who is the Executive Director of Defenders Protection Initiative that works to promote and protect human rights, the rule of law, good governance and democracy. Wanjala pointed out that it is “very easy” to find NGOs in issues of money-laundering and financial terrorism and that there is evidence that there are organisations that use these for selfish purposes.

He said there are times when simple transactions can be used to defeat the ends of justice and warned that financial terrorism can happen even to the most honest. He underscored the need to be extra-diligent when funds are received because such organisations are dependent on donors. Wanjala also urged for websites to be upgraded because fraudsters can easily ‘clone’ them to receive funds meant for NPOs from donors.

Tags: Botswana WatchRobert LetsatsiYona Wanjala

Navigation

  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

Recent News

  • July 11th Edition
  • ‘International Tennis Tournaments Drive Economic Growth’- Thipe
  • No tax on 100% employer-borne medical excesses
  • Product Mix Drives Revenue Growth at Seed Co
  • Higher Education Ministry Suspends Aviation Sponsorships

Site

  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition

© 2021 The Business Weekly & Review. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

© 2021 The Business Weekly & Review. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?