CHAMWE KAIRA
Namibia has officially been removed from the Financial Action Task Force (FATF) list of jurisdictions under enhanced monitoring, commonly known as the grey list, following the country’s successful implementation of reforms to strengthen its anti-money laundering and counter-terrorism financing framework.
The Ministry of Finance announced on Friday that the FATF confirmed Namibia’s removal from the grey list during its plenary meeting after an on-site assessment conducted in Windhoek on 23 and 24 April 2026.
Namibia was grey listed on 23 February 2024 after the FATF identified 13 strategic deficiencies in the country’s anti-money laundering, combating the financing of terrorism and combating the financing of proliferation (AML/CFT/CPF) framework. The country was subsequently issued with an action plan to address the shortcomings by May 2026.
According to the ministry, Namibia demonstrated a high level of political commitment to implementing the required reforms from the outset.
Between July 2024 and November 2025, the National Focal Committee, led by the Financial Intelligence Centre (FIC), submitted one voluntary and four compulsory progress reports to the FATF. During this period, the FATF concluded that Namibia had largely addressed all 13 action items ahead of the May 2026 deadline and recommended the country for an on-site assessment.
Finance Minister Ericah Shafudah said the successful outcome reflected the collective efforts of government institutions involved in the process.
