Namibia FATF Grey Listing

27 February 2024 | Media Release
  Namibia on Friday, 23 February 2024, was grey listed by the Financial Action Task Force’s (FATF) Plenary and placed under increased monitoring, due to concerns over remaining effective implementation compliance with international Anti-Money laundering (AML), Combating the Financing of Terrorism (CFT), and Combatting Proliferation Financing (CPF) standards.

As a signatory to various United Nations Conventions and obligated by mandatory resolutions under Chapter VII of the UN Charter, Namibia is tasked alongside other UN Member States, to actively and effectively prevent and combat Money Laundering (ML), Terrorist Financing (TF), and Proliferation Financing (PF). These obligations aim to safeguard the integrity and stability of the financial system and contribute to overall safety and security.