Close corporation amendment bill tabled

Martin Endjala The Minister of Industrialization and Trade Lucia Iipumbu yesterday tabled an Amendment Bill to the Close Corporation Amendment Act No. 26 of 1998 in parliament after Namibia underwent her second peer-review evaluation by the Eastern and Southern African Anti-Money Laundering Group (ESAAMLG) and the Financial Action Task Force (FATF). The outcomes of the peer review necessitate a piecemeal amendment of the Act to avoid Namibia from being greylisted. She said that while the government is prioritizing the findings from the peer review, the government is also cognizant of the fact that the review of the law should be…