We are extremely pleased to see that the Financial Action Task Force’s (FATF) International Cooperation Review Group has removed Namibia from their watchlist. While there will be work to continue in Namibia, and indeed every country, to reduce the risk of money laundering and terrorism financing, it’s great to see progress. We at AML Solutions International can attest to the genuine commitment by all members of the Namibian FIC to continue to improve the AML/CTF capacity across all sectors of law enforcement and regulated entities.
“The FATF welcomes Namibia’s significant progress in improving its AML/CFT regime and notes that Namibia has established the legal and regulatory framework to meet its commitments in its action plan regarding the strategic deficiencies that the FATF had identified in June 2011. Namibia is therefore no longer subject to the FATF’s monitoring process under its on-going global AML/CFT compliance process.”
We are proud to have contributed, in some small way, to the progress of the AML/CTF capacity in that country.