Security industry trained in financial crime – Business

Security industry trained in financial crime – Business

About 30 Namibians from the financial intelligence, police and prosecution sectors are currently receiving training from the European Union (EU) on combating financial crime.

The week-long workshop started yesterday in Windhoek and was opened by the EU Ambassador to Namibia, Ana Beatriz Martins.

Mr Martins said the EU was pleased to offer its support to Namibia and help strengthen the country’s framework to combat illicit financial flows, money laundering and other forms of organised crime.

“The EU is increasingly present alongside its partners in Africa to contribute to the stability of states and enable informed, efficient and healthy financial systems,” she said.

The workshop aims to equip Namibian officials from key agencies, such as the Namibian Police, the Anti-Corruption Commission and the Attorney General’s Office, with enhanced capacities in financial intelligence analysis, investigation techniques and prosecution of financial crimes.

In February, the Financial Action Task Force placed Namibia under enhanced monitoring, commonly known as grey listing, for its failure to meet international standards to combat money laundering, terrorist financing and proliferation financing.

Meanwhile, the Director of the Namibia Financial Intelligence Centre, Bryan Eiseb, called for a collective effort to consolidate the efforts of government agencies, the private sector and international partners to disrupt financial crime.

“Together, let us continue to strive for excellence and make a lasting impact in safeguarding the integrity of our financial systems and protecting the interests of society as a whole.

“We must use every tool available in our criminal justice arsenal to identify and intervene in the proceeds of financial crime to demonstrate that crime does not pay,” he said.

Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinion for just $85 per monthInvest in journalism, invest in democracy –
Subscribe now!