Regulatory Alerts2026-08-04
Added
National Registration Act Implementation Guidance Note
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) issues guidance for Non-Bank Financial Institutions (NBFIs) on implementing the National Registration (Amendment) Act, 2025. This guidance permits NBFIs to accept a valid Botswana passport or driver's license as temporary identification for Customer Due Diligence (CDD) purposes when a national identity card (Omang) is lost, damaged, defaced, or expired, provided the customer presents proof of application for a replacement. NBFIs must use the Omang number from these alternative documents as the primary reference, assess associated money laundering/terrorist financing risks, and update their internal policies and procedures accordingly. NBFIs are prohibited from accepting expired alternative documents or those without proof of replacement application, and must not consider this amendment a permanent replacement for the Omang.