The Financial Action Task Force has removed Namibia from the greylist after two years.
This is after successfully addressing all 13 strategic deficiencies in its anti-noney laundering and counter-terrorism financing frameworks.
The Paris-based financial crime watchdog formally confirmed the removal during its plenary meeting in Paris this week.
Minister of finance Ericah Shafudah says the country was greylisted in February 2024 and was given a deadline of May 2026 to address the deficiencies.
“From the outset, Namibia accorded the highest level of political commitment to addressing these strategic deficiencies,” says Shafudah.
