Local time: Friday, 24 January 2020 21:25:40hrs
I am looking for: 

Directorate on Corruption and Economic Crime (DCEC)
What influence does money laundering have on economic develo...

Launders are continuously looking for new routes for laundering their funds. Economies with growing or developing financial centers but inadequate controls are particularly vulnerable as established financial center countries implement comprehensive anti-money laundering regimes.

 Launders that tend to move their networks to countries and financial systems with weak or ineffective countermeasures will exploit differences between national anti-money laundering systems.

Some might urge that developing economies cannot afford to be too selective about the source of the capital they attract. But postponing action is dangerous. The more it is deferred, the more entrenched organized crime can become.

As with the damaged integrity of an individual financial institution, there is a damping effect on foreign direct investment when a country’ commercial and financial sectors are perceived to be subject to the control and influence of organized crime.

Printable version
Copyright © 2011 Government of Botswana. All rights reserved.