insert_link Business / Economics EU Launches Workshop to Enhance Namibia’s Financial Transparency and Exit FATF Grey List The EU Global Facility has launched a scoping mission workshop to define key activities for technical assistance on beneficial ownership in Namibia. This workshop will identify Namibia's needs and challenges, creating a customized work plan to help the country exit the FATF's Grey List. The initiative aims to bolster Namibia's financial systems, transparency, and accountability. EU Ambassador to Namibia, Ana Beatriz Martins. todayAugust 13, 2024 24
insert_link 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 3
insert_link 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 13