2 hours
4 modules
NOTE
Link your organisation’s compliance programme, customer due diligence, recordkeeping, reporting and escalation procedures to this training.
FIA Botswana can also be paired with our Preventing Money Laundering and Whistleblowing courses where employees need focused awareness on suspicious activity, escalation and reporting responsibilities
overview
FIA duties reach day-to-day work
Botswana’s Financial Intelligence Act places responsibilities on accountable institutions and specified parties, but many of the controls depend on decisions employees make during ordinary work.
This two-hour FIA Botswana course helps relevant employees understand money laundering and terrorist financing risk, the purpose of the FIA and the responsibilities that may arise when customers are taken on, information is checked, records are kept or activity needs to be reported.
It is suitable for employees and managers whose work forms part of the organisation’s financial crime controls.
The course
From risk-based compliance to reporting
The course begins with money laundering and terrorist financing, the Botswana legislation and institutions involved, and the consequences of non-compliance.
It then explains the FIA’s risk-based approach, who must comply and the measures accountable institutions and specified parties are expected to put in place.
Learners are introduced to the compliance measures required under the FIA, including a compliance programme, governance responsibilities, customer due diligence, training, recordkeeping and reporting.
Scenario-based examples help learners connect these requirements to customer onboarding, due diligence, recordkeeping, escalation and reporting decisions at work.
In practice
FIA controls depend on employees knowing what needs checking, recording, escalating or reporting.
Botswana-specific application
More than a general overview
General anti-money laundering training usually explains what money laundering and terrorist financing are and why they matter.
This course goes further. It connects those risks to Botswana’s Financial Intelligence Act and the controls regulated organisations need to operate, including a compliance programme, governance, customer due diligence, training, recordkeeping and reporting.
Learners see both sides of the obligation: what the organisation must have in place and how their own work may contribute to it.
Help employees understand FIA risk and reporting duties.
Got questions? Start here.
Who should complete FIA Botswana training?
The course is designed for employees and managers working in accountable institutions, specified parties and other organisations subject to Botswana’s Financial Intelligence Act.
It is particularly relevant to people involved in customer onboarding, customer due diligence, compliance, operations, recordkeeping, transaction activity, internal escalation or regulatory reporting.
Is FIA Botswana training only for compliance teams?
No. Compliance teams may need a detailed understanding of the FIA, but many of the organisation’s controls depend on work carried out elsewhere.
Employees in customer-facing, operational, administrative, finance and management roles may all need awareness suited to the responsibilities they carry.
Can the course be customised for our organisation?
Yes. The training can be linked to your organisation’s approved compliance programme and its procedures for customer due diligence, recordkeeping, internal escalation and reporting.
Internal contacts, reporting routes, terminology and relevant workplace examples can also be included, subject to the agreed scope.
Can this course support audit or inspection readiness?
The course can form part of the record showing that relevant employees were given awareness of Botswana’s FIA and their responsibilities under the organisation’s compliance framework.
Where the course is delivered through ELLO, the organisation can retain completion and reporting records for the rollout. Training does not replace the underlying compliance programme, controls, supervision or records that an auditor or regulator may also need to review.
How is this course different from general AML training?
General AML training usually introduces money laundering, terrorist financing and suspicious activity at a broad level.
This course is specific to Botswana’s Financial Intelligence Act. It covers the FIA’s risk-based approach and the compliance tools regulated organisations need, including the compliance programme, governance, customer due diligence, training, recordkeeping and reporting.
Does FIA Botswana training guarantee compliance?
No. Training supports employee awareness, but it does not guarantee compliance or replace legal advice, compliance programmes, customer due diligence procedures, monitoring systems, supervision, reporting controls or management responsibility. It should form part of a wider financial crime risk management framework.
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