Further to our previous newsflash on the topic Botswana Compliance Update: FATF Grey List, we hereby give a compliance update on Botswana’s current situation and progress as at 7 July 2021 with respect to addressing the strategic technical complia…
The Credit Information Bill, 2021 – What To Expect
The main object of the Credit Information Bill, (the “Bill”) published on 11 June 2021, is to provide for the regulation of the credit reporting system, the licensing and supervision of credit bureaus by the Bank of Botswana (the “Bank”). Under the Bill, a credit bureau is defined as a company licensed to collect credit …