BoN and NamRA succesfully launch the country’s inaugural Trade Verification System to monitor cross-border transactions

The Bank of Namibia, in collaboration with the Namibia Revenue Agency, has introduced Namibia’s inaugural Trade Verification System to oversee cross-border transactions. This initiative is geared towards curbing illegal capital outflows and advancing financial transparency within the country. Steven Ndorokaze, spokesperson for NamRA, shared insights into this crucial initiative.