insert_link Business / Economics Namibia ranks fifth in Africa for low financial-crime risk Namibia has strengthened its position in the global fight against money laundering, according to the 2025 Basel Anti-Money Laundering (AML) Index. The country’s score improved from 4.89 in 2024 to 4.78 in 2025, placing it fifth among African nations in terms of low exposure to financial crime risk. The Financial Intelligence Centre (FIC) said the improvement reflects stronger national systems, enhanced enforcement, and closer coordination among regulators, law enforcement, and […] today15 December, 2025
insert_link Namibia SecFin Africa expands fight against financial crime EU Ambassador to Namibia, Ana Beatriz Martins (Photo by European Union) Namibia has completed its first specialised training programme aimed at combating illicit financial flows, part of a broader European Union initiative to strengthen tax and revenue systems across the continent. The year-long course, delivered through the EU-funded SecFin Africa project in partnership with the Swedish Tax Agency, brought together participants from the Bank of Namibia, the Namibia Revenue Agency, […] today24 November, 2025
insert_link Uncategorized Namibia and South Africa seize funds linked to illegal mining activities Extracted coal The Financial Intelligence Centre and the Prosecutor-General's Office, in partnership with South Africa’s National Prosecuting Authority’s Asset Forfeiture Unit and SA’s Financial Intelligence Centre, have seized around N$52.5 million from eight Namibian bank accounts. The funds, linked to Jacobus Hosea Jordaan and his wife Elza Jordaan, are allegedly tied to illegal coal mining in Mpumalanga’s Carolina area. The case, which was first reported by News24 highlights strong cross-border […] today21 January, 2025
insert_link Business / Economics Businesses must declare owners, says BIPA Following the introduction of the beneficial ownership requirement, which became law in 2023, all registered businesses are now required to declare their beneficial owners. We spoke to Ockert Jansen, the Business and Intellectual Property Authority's Executive of Marketing, Corporate Communications, and Client Management Services, to find out if local businesses have complied and the possible repercussions. today27 June, 2024
insert_link Business / Economics Financial Intelligence Centre launches 2023/24 annual report The Financial Intelligence Centre which is mandated with combating money laundering, financing of terrorism, and proliferation launched the 2023/24 annual report in the capital on Wednesday. Speaking at the launch, FIC board chairperson, Charmaine van der Westhuizen says the FIC’s role is indispensable. The Financial Intelligence Centre achieved an unqualified audit opinion, with reserves increasing by 128% to N$44.3 million from N$19.3 million in the previous financial year. Total […] today26 June, 2024
insert_link Local Bank of Namibia warns against fraudulent investment scams. The Bank of Namibia (the Bank) has noted with concern an escalation in the number of fraudulent investment scam activities, targeting and using references to the Government, its Ministries, Offices, and Agencies. The Bank has identified fraudulent investment scam activities, offering unsolicited financial assistance to fund Namibia’s developmental initiatives, with perpetrators applying particular focus on senior public figures, high-ranking government officials, politicians, and civil servants, to promote the fraudulent […] today2 February, 2024
