Namibia is intensifying reforms to strengthen its anti-money laundering and counter-terrorism financing framework.
With support from the European Union, the country prepares for key international assessments and works towards exiting the Financial Action Task Force (FATF) greylist.
The Financial Intelligence Centre (FIC), in partnership with the European Union, this week launched a national risk assessment workshop in Windhoek.
The initiative forms part of Namibia’s broader strategy to reinforce its anti-money laundering, combating the financing of terrorism and countering proliferation financing regime.
Speaking at the opening, on behalf of the FIC director, the FIC’s general manager for legal policy and enforcement, Zenobia Barry, said the initiative aims to safeguard the integrity of Namibia’s financial system, strengthen investor confidence and support sustainable economic growth.
She said the process also supports Namibia’s efforts to exit the FATF greylist and prepares the country for the upcoming mutual evaluation by the Eastern and Southern African Anti-Money Laundering Group.
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