EU flags Namibia as high-risk for money laundering
By Stefanus Nashama
In a move to strengthen global financial safeguards, the European Commission has added Namibia to its updated list of high-risk jurisdictions for anti-money laundering and counter-terrorist financing (AML/CFT), following recent deliberations by the Financial Action Task Force (FATF). The announcement was made on Thursday by the European Union (EU) delegation in Namibia.Namibia now joins other countries on the high-risk list, including Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Nepal, and Venezuela.