FATF grey list

EU-Namibia advances fight against illicit financial flows
14 Aug

EU-Namibia advances fight against illicit financial flows

ObserverNational News, ,
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…
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EU backs Namibia’s efforts to exit FATF grey list
12 Aug

EU backs Namibia’s efforts to exit FATF grey list

ObserverMain
Martin Endjala The European Union Global Facility is assisting Namibia in its efforts to exit the Financial Action Task Force’s (FATF) Grey List through a scoping mission workshop focused on prioritising technical assistance for beneficial ownership compliance. This initiative follows Namibia's request for support from the EU AML/CFT Global Facility to enhance its adherence to international standards in anti-money laundering and counter-terrorism financing, specifically in the area of beneficial ownership reporting. This was announced by Ana Beatriz Martins, the EU Ambassador to Namibia on 12 August. “The ultimate goal of this workshop is to see Namibia exit the Financial Action…
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