Ineffective implementation of compliance with international anti-money laundering (AML), combatting the financing of terrorism (CFT), and combating proliferation financing (CPF) standards have led to Namibia being greylisted by the Financial Action Task Force (FATF). Namibia is now placed under increased monitoring. This was confirmed by central bank (BoN) governor Johannes !Gawaxab last week.”Despite Namibia’s substantial...
Namibia was greylisted by the Financial Action Task Force’s (FATF) Plenary on Friday and placed under increased monitoring due to concerns over effective implementation and compliance with international Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Combatting Proliferation Financing (CPF) standards. According to the Financial Intelligence Centre, Namibia was found lacking in AML/CFT/CPF...
The Namibia Financial Institutions Supervisory Authority (Namfisa) recently hosted the 46th Committee of Insurance, Securities and Non-Banking Financial Authorities (Cisna) meeting at Swakopmund. Namfisa spokesperson Victoria Muranda says the event drew participation from 24 Cisna member authorities, representing 14 member states, along with representatives of the Southern African Development Community (SADC) secretariat and the committee...
The Namibian Competition Commission has conditionally approved the proposed merger of Vivo Energy Namibia and GasIt. The merger would enable Vivo to expand its presence in the LPG market, encompassing both downstream retail sales and upstream bulk supply. Here is NaCC spokesperson Dina //Gowases. The post Competition watchdog Namibian approves Vivo Energy Namibia and GasIt merger...