Namibia has made considerable progress in its efforts to align with international anti-money laundering standards

Niël Terblanché Namibia has made considerable progress in its efforts to align with international anti-money laundering standards, successfully addressing 59 out of 72 action items. Despite this significant achievement, the country according to the Minister of Finance and Public Enterprises, Iipumbu Shiimi, stands at a crossroads, facing potential blacklisting and increased scrutiny due to the remaining 13 unresolved challenges. Since December 2022, the Namibian government has been rigorously working to meet the benchmarks set by the Eastern and Southern African Anti-Money Laundering Group (ESAAMLG) and the Financial Action Task Force (FATF), a global body monitoring money laundering and terrorist financing.…