{"id":32622,"date":"2023-08-17T14:41:51","date_gmt":"2023-08-17T14:41:51","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=32622"},"modified":"2023-08-17T14:28:36","modified_gmt":"2023-08-17T14:28:36","slug":"fia-detects-p2-billion-suspicious-transactions","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions","title":{"rendered":"FIA DETECTS P2 BILLION SUSPICIOUS TRANSACTIONS"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The Financial Intelligence Agency (FIA) has recorded 565 suspicious transaction reports worth just over P2 billion in the 2022\/23 financial year.<\/b><\/p>\n

This was a 64 per cent increase in filed transactions from the previous year.<\/p>\n

FIA\u2019s 2022\/23 annual report explains that the increase in numbers can be attributed to a number of reasons including the increase in the number of registered reporting entities and the rise in awareness and understanding as a result of the awareness activities undertaken in the past five years.<\/p>\n

The banking sector recorded the highest number of suspicious transaction reports in terms of number and value, with 393 reports made with a total value of P1.7 billion. This was 70 per cent of total suspicious transaction reports received.<\/p>\n

Bureaux de Change came second with 57 reports valued at P1.4 million.<\/p>\n

Other suspicious transaction reports were from casinos, credit unions, customs, insurance brokers, legal practitioners, pawnshops, micro-lenders, security dealers, virtual asset service providers, development financial institutions, real estate and medical aid schemes.<\/p>\n

FIA noted that the banking sector report increased exponentially from 151 reports in 2021\/2022, denoting an increase of 160 per cent.<\/p>\n

The significant increase was attributed to, among others, increased economic activity following the COVID-19 period which was characterised by a stagnation in the economy.<\/p>\n

The Financial Intelligence Act obligates reporting entities to file suspicious transaction reports with the agency within a prescribed time. The organisation describes a suspicious transaction as any that gives rise to a reasonable suspicion that it may involve the commission of a financial offence.<\/p>\n

In her overview, FIA Director General, Ms Bopelokgale Soko, highlighted that agency had a critical role to the fight against money laundering and terrorism financing.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. The Financial Intelligence Agency (FIA) has recorded 565 suspicious transaction reports worth just over P2 billion in the 2022\/23 financial year. This was a 64 per cent increase in filed transactions from the previous year. FIA\u2019s 2022\/23 annual report explains that the increase in numbers can be attributed to a number of […]<\/p>\n","protected":false},"author":84,"featured_media":32621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,237,234],"class_list":["post-32622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nFIA DETECTS P2 BILLION SUSPICIOUS TRANSACTIONS - Botswana<\/title>\n<meta name=\"description\" content=\"The Financial Intelligence Agency (FIA) has recorded 565 suspicious transaction reports worth just over P2 billion in ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FIA DETECTS P2 BILLION SUSPICIOUS TRANSACTIONS\" \/>\n<meta property=\"og:description\" content=\"The Financial Intelligence Agency (FIA) has recorded 565 suspicious transaction reports worth just over P2 billion in ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-17T14:41:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/08\/sm_1692269147.115133.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FIA DETECTS P2 BILLION SUSPICIOUS TRANSACTIONS\",\"datePublished\":\"2023-08-17T14:41:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions\"},\"wordCount\":288,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/08\/sm_1692269147.115133.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/fia-detects-p2-billion-suspicious-transactions\",\"name\":\"FIA DETECTS P2 BILLION SUSPICIOUS TRANSACTIONS - 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