By: Nghiinomenwa-vali Hangala

 

Namibia’s chance to be delisted as a country susceptible to financial crimes – due to its fragile ability to detect and stop said crimes – hinges on proving that it can investigate and prosecute money laundering and terrorist financing cases.

 

According to the update provided by the country’s financial watchdog, the Financial Intelligence Centre (FIC), last week, the country managed to fix 11 of its 13 weaknesses, with the remaining two to be addressed before the next evaluation in May 2026.

 

These outstanding issues are both related to enhancing the country’s ability to identify, investigate, and prosecute money laundering and terrorist financing cases.

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