19
Jun
Justicia Shipena To be removed from the European Commission's high-risk list, Namibia must show sustained progress in implementing the Financial Action Task Force (FATF) Action Plan. This includes strengthening the country’s anti-money laundering and counter-terrorism financing (AML/CFT) systems. Namibia was added to the European Union’s list of high-risk jurisdictions on 10 June, following the EU’s standard practice of aligning with the FATF grey list. Other countries on the list include Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Nepal, and Venezuela. The European Commission’s decision follows the FATF’s February 2024 Plenary Meeting, during which Namibia was placed on the grey…