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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Financial Action Task Force

9 Results / Page 1 of 1

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South Africa

Cosatu Applauds SA’s Progress on FATF Grey List Removal

In South Africa, Cosatu has commended the government’s progress towards removing the country from the Financial Action Task Force grey list. South Africa was grey listed in February 2023, for not complying with international standards that relate to money laundering and addressing illicit financial flows. National Treasury has addressed 20 out of the 22 action items outlined in its action plan. Cosatu’s spokesperson, Matthew Parks, says the government must ensure […]

todayFebruary 26, 2025 19

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Business / Economics

South Africa nears compliance with the Financial Action Task Force’s financial crime requirements

  South Africa is close to meeting the Financial Action Task Force's requirements to combat financial crimes like money laundering and terrorism financing. In his first medium-term budget policy statement for the seventh administration, Finance minister Enoch Godongwana said only six items remain to be addressed by February next year, with 16 of the 22 requirements already fully or mostly completed:  

todayOctober 31, 2024 26

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Africa

Kenya has tightened its laws to stop money laundering: why banks are the focus

    By Constance Gikonyo, University of Nairobi   Kenya’s banking industry has in recent years been in the crosshairs of national, regional and international watchdogs, given the country’s role as a financial hub in eastern Africa. In 2023 Kenya enacted laws to curb money laundering and combat terrorism financing. While the laws have led to tougher sanctions on some banks, the risk of money laundering remains, and the country was […]

todayMarch 28, 2024 25

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Africa

Kenya’s greylisting for weak action on money laundering and terrorism financing: what that means and what must happen next

    By Louis de Koker, La Trobe University   Kenya and Namibia are the latest African countries to be placed on the Financial Action Task Force’s grey list over their weak measures against money laundering and terrorism financing. Being on the grey list is typically seen as an indictment of a country’s ability to identify and effectively redress financial crimes. It warns investors to be cautious in dealings with […]

todayMarch 26, 2024 8

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Namibia

Greylisting is not a Death Sentence

By Josef Kefas Sheehama It's crucial to remember that greylisting does not have to define Namibia's economy, even though it frequently makes people feel more anxious. Namibia can continue engaging in Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT). Namibia needs to make improvements to meet Financial Action Task Force (FATF) requirements in the areas of matter of concern. Our policymakers need to work together with FATF and get […]

todayFebruary 27, 2024 26

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Business / Economics

EXCLUSIVE INTERVIEW: Navigating Namibia’s Gray Listing: Insights from Independent Business and Economics Researcher Josef Kefas Sheehama

  In a recent conversation with independent business and economics researcher Josef Kefas Sheehama, the focus turned to Namibia's gray listing by the Financial Action Task Force on the 23rd of February. Despite the challenges posed by this development, Sheehama emphasizes that being on the gray list is not a death sentence for Namibia's economy. In this article, we delve into Sheehama's insights on the impact of the gray listing […]

todayFebruary 27, 2024 22

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Business / Economics

Kenya and Namibia Placed on FATF Grey List for Money Laundering, Terrorism Financing; Local Researcher Sheehama Offers Insights

The international crime watchdog, Financial Action Task Force, included Kenya and Namibia in its 'grey list' on Friday, subjecting these countries to heightened monitoring due to insufficient measures in preventing money laundering and terrorism financing. Local Independent Business and Economics researcher Josef Kefas Sheehama provides his perspective on the matter.  

todayFebruary 27, 2024 21

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Business / Economics

UAE removed, Kenya and Namibia added to global money laundering list

Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday that it had removed the United Arab Emirates from its "grey list" of countries subject to increased monitoring, while Kenya and Namibia were added. Countries on the list have "strategic deficiencies" in their efforts to counter money laundering and terrorist financing, but are cooperating with the FATF to correct the problems and are subject to increased monitoring. FATF […]

todayFebruary 24, 2024 25

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Business / Economics

Outcome and way forward: Namibia’s FATF Grey-listing

Namibia on Friday, 23 February 2024, was grey listed by the Financial Action Task Force’s (FATF) Plenary and placed under increased monitoring, due to concerns over remaining effective implementation compliance with international Anti-Money laundering (AML), Combating the Financing of Terrorism (CFT), and Combatting Proliferation Financing (CPF) standards. As a signatory to various United Nations Conventions and obligated by mandatory resolutions under Chapter VII of the UN Charter, Namibia is tasked […]

todayFebruary 23, 2024 35