MUTUAL EVALUATIONS

---

NAMIBIA ENHANCED 2ND FUR AND 1ST TECHNICAL COMPLIANCE RERATING-APRIL 2024.

This follow-up report assesses the progress made by Namibia to address the technical compliance shortcomings identified in its MER. In general, countries are expected to have addressed most or all of their technical compliance shortcomings by the end of the third year of follow-up at the latest.
This report does not cover the progress made by Namibia in improving its effectiveness

  Download Document

 Posted:  07, Aug 24

---

MUTUAL EVALUATION REPORT OF NAMIBIA- SEPTEMBER 2022..

ESAAMLG has completed its assessment of Namibia’s anti-money laundering and counter-terrorist and proliferation financing (AML/CFT) system.
The Mutual Evaluation Report of Namibia comprehensively reviews the effectiveness of Namibia’s measures and its level of compliance with the FATF Recommendations.
The Council of Ministers of ESAAMLG adopted this report at its meeting in Livingstone, Zambia in September 2022.

  Download Document

 Posted:  09, Nov 22

---

POST EVALUATION PROGRESS REPORT OF NAMIBIA-2017.

ESAAMLG (2017), First Round Mutual Evaluation - Post Evaluation Progress Report of Namibia on Anti-Money Laundering and Counter-Terrorist Financing Measures.

  Download Document

 Posted:  01, Sep 18

---

MUTUAL EVALUATION REPORT FOR THE REPUBLIC OF NAMIBIA.

The ESAAMLG Council of Ministers approved and adopted the mutual evaluation report for Namibia.  The report was prepared by the World Bank under the Financial Sector Assessment Programme. Before its approval by the Council of Ministers, the report was considered and adopted in the ESAAMLG Task Force of Senior Officials meeting.

The major findings of the report include:-

• Namibia has enacted the Prevention of Organised Crime Act (POCA) which criminalises money laundering.
• A Financial Intelligence Bill and an Anti-Terrorism Activities Bill are being drafted.
• In the absence of a formal AML/CFT framework, the Bank of Namibia has issued general AML related determinations and circulars to banking institutions falling under its supervision.  South African banks and larger insurance companies operating in Namibia have adopted home office AML/CFT policies.

The report also identifies areas of deficiencies in the Namibian AML/CFT framework. It makes comprehensive recommendations on actions that Namibia needs to take in the short and medium terms to strengthen its AML/CFT system to comply over time with international standards.

ESAAMLG Secretariat
11 February 2008

  Download Document

 Posted:  09, Jan 17

---

PUBLICATIONS

QUICK LINK

---

 Web E-mail

 Useful Links

 Member Countries

---