Namibia regulates AML/CTF through the Financial Intelligence Centre under the Financial Intelligence Act 2012. See the obligations and how MemberCheck supports them.
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Namibia regulates money laundering and terrorist financing through the Financial Intelligence Act 2012, supported by the Financial Intelligence Centre within the Bank of Namibia, which is both the financial intelligence unit and the AML/CTF supervisor, with NAMFISA designated as supervisory body for the sectors it regulates. Namibia was removed from the FATF's list of jurisdictions under increased monitoring at the June 2026 plenary, having resolved the deficiencies identified when it was placed under increased monitoring in February 2024.
Accountable and reporting institutions must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the FIC. Supervisors expect a designated compliance officer, sound internal controls, and staff training proportionate to the risks a business faces.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Namibia's financial intelligence unit, operating within the Bank of Namibia. It receives and analyses suspicious transaction reports and is also the AML/CTF supervisor under the Financial Intelligence Act 2012, running on-site and off-site compliance assessments across supervised sectors.
Namibia's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for accountable and reporting institutions.
Section 35 of the Financial Intelligence Act designates supervisory bodies by sector. The Bank of Namibia oversees banks and payment service providers, and NAMFISA supervises the insurers, capital markets participants, collective investment schemes, and micro-lenders it regulates.
Namibia is a member of the Eastern and Southern Africa Anti-Money Laundering Group, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership. Namibia was placed under increased FATF monitoring in February 2024 and was removed from that list at the June 2026 plenary after completing its action plan.
The Financial Intelligence Centre (FIC), which sits within the Bank of Namibia, holds both roles. It is the financial intelligence unit and, under the Financial Intelligence Act 2012, the AML/CTF supervisor, carrying out on-site and off-site compliance assessments and issuing directives. Section 35 of the Act also designates NAMFISA as the supervisory body for the sectors it regulates, including insurers, capital markets, and micro-lenders, and the Bank of Namibia oversees banks and payment service providers.
The Financial Intelligence Act 2012 sets the customer due diligence, recordkeeping, and reporting obligations for accountable and reporting institutions in Namibia.
Namibia is a member of ESAAMLG, the FATF-style regional body for Eastern and Southern Africa, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership. Namibia was placed on the FATF's list of jurisdictions under increased monitoring in February 2024 and was removed from that list at the June 2026 plenary after resolving all identified deficiencies.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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