Namibia Included On EU’s High-Risk List for Financial Crime Monitoring

Namibia has been added to the European Commission’s updated list of high-risk jurisdictions for anti-money laundering (AML) and counter-terrorism financing (CFT) frameworks.

This designation places Namibia alongside several other nations, including Algeria, Angola, Côte d’Ivoire, Kenya, and Venezuela. The update to this list was made on 10 June.

The EU Delegation to Namibia, in a statement, said this decision is a direct consequence of the Financial Action Task Force (FATF)’s deliberations at its…