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The mission of the FIC is to protect Namibia’s financial system against the abuse
of money laundering activities and other financial crimes.
Structure and Functions
To react effectively and efficiently to challenges posed by national and international
money launderers and other perpetrators of financial crimes.It is recognized that
an effective and robust Anti-Money Laundering/Combating of the Financing of Terrorism
(AML/CFT) framework that meets international standards have 5 major elements namely:
- The legal system to criminalize AML/CFT and to provide for seizure, confiscation
and asset forfeiture;
- Financial institutions to fulfill a number of obligations in respect of due diligence
checks, customer identification, record-keeping and reporting obligations;
- Establish the FIC as a specialized unit to receive, analyze and disseminate suspicious
transaction reports to law enforcement agencies;
- Establish international co-operation between regulators, law enforcement and FIC;
and
- To provide for a mechanism for preventing, detecting and combating the financing
of terrorism
Departmental Management
- Mrs L.Dunn – Director, Financial Intelligence Centre:
- Mr D. Khama - Deputy Director, Legal & Compliance
- Mrs E. Tjipuka - Deputy Director, Investigations & Analysis
General
The FIC strives to develop a strong legal basis to combat money laundering activities
and other financial crimes within the borders of Namibia; to protect the financial
system against money laundering activities and other financial crimes and to combat
money laundering activities, by producing analytic products that will incorporate
analysis of relevant classified information.
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