EU supports Namibia in combating money laundering, terrorist financing and related crimes

EU supports Namibia in combating money laundering, terrorist financing and related crimes


Following Namibia’s inclusion on the Financial Action Task Force (FATF) “grey list” in February this year, the European Union has launched a tailor-made training workshop for Namibian officials responsible for financial intelligence analysis, investigation and prosecution of money laundering and terrorist financing, and tracing and recovery of proceeds of crime.

This training workshop is being organised in collaboration with the Financial Intelligence Centre of Namibia (FIC). Following its grey listing in February this year, Namibia requested the European Union Delegation (EUD) in Windhoek and the EU-funded ESCAY Anti-Money Laundering and Countering the Financing of Terrorism project to provide technical assistance to address the shortcomings that led to its grey listing.

IN PHOTO: FIC participants at the national training on financial analysis and effective use of financial intelligence.

This training workshop, which is taking place throughout this week, is expected to strengthen the capacities of participating officials, enabling Namibia to adequately implement the necessary actions identified in the FATF Action Plan, improve Namibia’s compliance with existing international and FATF standards, and thus move off the grey list as soon as possible.

In her opening remarks at the workshop this morning, HE Ana Beatriz Martins, EU Ambassador to Namibia, said: “The EU is increasingly present alongside its partners in Africa to contribute to the stability of states and to enable the establishment of informed, efficient and sound financial systems. We are therefore very pleased to be here this morning to offer our support to Namibia, not only to get it off the grey list, which is a priority for all of us, but also to strengthen its framework to combat illicit financial flows, money laundering and organised crime.”

Representing the Namibian authorities, Mr. Bryan Eiseb, Director of FIC Namibia, said: “Together, let us continue to strive for excellence and lasting impact in safeguarding the integrity of our financial systems and protecting the interests of society as a whole. We must consolidate our efforts across government agencies, the private sector and international partners to disrupt financial crime. We must use all available tools in our criminal justice arsenal to identify and intervene in the proceeds of financial crime to demonstrate that crime does not pay.”

With over 30 participants, the workshop participants come from the Namibian Police Force, the Anti-Corruption Commission, the Namibian Central Intelligence Service (NCIS), the Attorney General’s Office (OPG), the Namibia Financial Institutions Supervisory Authority (Namfisa), the Namibia Revenue Agency (NamRA), the National Payments and Financial Supervision System, the Bank of Namibia Banking Supervision and the Financial Intelligence Centre.

The training team will seek to assist Namibia in complying with international standards in anti-money laundering (AML), combating the financing of terrorism (CFT) and combating the financing of proliferation (CPF).

The European Union, through the EU Delegation to Namibia, is committed to working with Namibia in its efforts against illicit financial flows and, more immediately, in its efforts to exit the FATF grey list.