Beneficial Ownership Framework – Windhoek Observer

Erasmus Shalihaxwe Officials from various local institutions are currently undergoing anti-money laundering and counter-terrorism financing training. This training aims to enhance the country's ability to combat money laundering and terrorist financing. The three-day workshop began in Windhoek on Wednesday and is organised by the European Union Global Facility project in collaboration with Namibia's Financial Intelligence Centre. Ana Beatriz Martins, the EU Ambassador to Namibia, stated that the training will assist Namibian competent authorities in establishing an effective Beneficial Ownership Framework (BO) and fostering strong coordination among all relevant stakeholders. “Money laundering, terrorist financing, and the proliferation of illicit financial flows…