Namibia agrees to self-correct FATF deficiencies

Bryan Eiseb, Director of the Financial Intelligence Centre tells Observer Money about the next step of action Namibia will take following the greylisting of the country by the Financial Action Task Force’s (FATF). Observer Money (OM): What does ‘increasing monitoring’ under Financial Action Task Force’s (FATF)’ mean for Namibia in practical terms? Bryan Eiseb (BE): Increase monitoring by the FATF (The Financial Action Task Force) is known as a public statement, which is generic to all and any jurisdictions that the FATF requires to take certain actions to address deficiencies it has identified during a mutual evaluation process. It simply…