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Money laundering

Namibia steps up game to fight financial crimes

News in short
Jemima Beukes
The Financial Intelligence Centre (FIC) has cautioned the public about the evolving threats of money laundering, terrorism financing and weapons proliferation. These crimes have prompted government to up its game to bolster safety measures, FIC director Bryan Eiseb said.

He was speaking at a training session supported by the European Union (EU) that focused on strategic collaborations to bolster law enforcement capabilities in analysing complex financial data for effective criminal investigations and prosecutions.

"Let us spare no effort to bring to book those individuals who launder money and believe they can benefit from their crimes at the expense of society at large. We must consolidate our efforts among state agencies, the private sector and international partners to disrupt financial crime. We must use all tools available in our criminal justice arsenal to identify proceeds of financial crimes and intervene on these proceeds so that we demonstrate that crime does not pay," he said.

During the week-long training, that will run until Friday, participants will acquire vital skills in financial data analysis, aiming to translate knowledge into tangible outcomes that strengthen Namibia's anti-money laundering framework.

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Namibian Sun 2024-07-17

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Currie Cup: NovaVit Griffons 10 vs 52 Vodacom Bulls Rugby World Cup U20: New Zealand U20 31 vs 55 France U20 | Australia U20 36 vs 29 Wales U20 | England U20 31 vs 20 Ireland U20 | Georgia U20 40 vs 36 Fiji U20 | Argentina U20 34 vs 24 South Africa U20 | Italy U20 28 vs 15 Spain U20 Katima Mulilo: 12° | 32° Rundu: 12° | 33° Eenhana: 11° | 33° Oshakati: 11° | 31° Ruacana: 14° | 31° Tsumeb: 15° | 29° Otjiwarongo: 9° | 28° Omaruru: 9° | 27° Windhoek: 8° | 23° Gobabis: 10° | 28° Henties Bay: 11° | 17° Wind speed: 18km/h, Wind direction: S, Low tide: 06:18, High tide: 12:50, Low Tide: 18:28, High tide: 00:54 Swakopmund: 13° | 15° Wind speed: 23km/h, Wind direction: SW, Low tide: 06:16, High tide: 12:48, Low Tide: 18:26, High tide: 00:52 Walvis Bay: 11° | 20° Wind speed: 28km/h, Wind direction: SW, Low tide: 06:16, High tide: 12:47, Low Tide: 18:26, High tide: 00:51 Rehoboth: 9° | 25° Mariental: 9° | 26° Keetmanshoop: 9° | 23° Aranos: 9° | 27° Lüderitz: 10° | 18° Ariamsvlei: 9° | 21° Oranjemund: 10° | 18° Luanda: 20° | 22° Gaborone: 11° | 28° Lubumbashi: 12° | 29° Mbabane: 12° | 28° Maseru: 5° | 21° Antananarivo: 8° | 24° Lilongwe: 15° | 27° Maputo: 16° | 32° Windhoek: 8° | 23° Cape Town: 11° | 14° Durban: 14° | 27° Johannesburg: 12° | 22° Dar es Salaam: 21° | 29° Lusaka: 15° | 28° Harare: 13° | 27° Currency: GBP to NAD 23.61 | EUR to NAD 19.85 | CNY to NAD 2.5 | USD to NAD 18.16 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.37 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.69 | ZWL to NAD 0.04 | BRL to NAD 3.31 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 133.77 | USD to AOA 872.64 | USD to BWP 13.49 | USD to EGP 48.15 | USD to KES 129.48 | USD to NGN 1555 | USD to ZAR 18.16 | USD to ZMW 26.05 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1783.48 Down -2.4% | Casablanca Stock Exchange (CSE) MASI 13456.34 Up +0.17% | Egyptian Exchange (EGX) 30 Index 27828.92 Down -0.44% | Botswana Stock Exchange (BSE) DCI 9380.4 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 477.21/OZ UP +0.36% | Copper US$ 4.43/lb DOWN -0.0057 | Zinc US$ 2 885.30/T DOWN -0.6% | Brent Crude Oil US$ 84.99/BBP UP +0.97% | Platinum US$ 1 011.54/OZ UP +0.89% Sport results: Currie Cup: NovaVit Griffons 10 vs 52 Vodacom Bulls Rugby World Cup U20: New Zealand U20 31 vs 55 France U20 | Australia U20 36 vs 29 Wales U20 | England U20 31 vs 20 Ireland U20 | Georgia U20 40 vs 36 Fiji U20 | Argentina U20 34 vs 24 South Africa U20 | Italy U20 28 vs 15 Spain U20 Weather: Katima Mulilo: 12° | 32° Rundu: 12° | 33° Eenhana: 11° | 33° Oshakati: 11° | 31° Ruacana: 14° | 31° Tsumeb: 15° | 29° Otjiwarongo: 9° | 28° Omaruru: 9° | 27° Windhoek: 8° | 23° Gobabis: 10° | 28° Henties Bay: 11° | 17° Wind speed: 18km/h, Wind direction: S, Low tide: 06:18, High tide: 12:50, Low Tide: 18:28, High tide: 00:54 Swakopmund: 13° | 15° Wind speed: 23km/h, Wind direction: SW, Low tide: 06:16, High tide: 12:48, Low Tide: 18:26, High tide: 00:52 Walvis Bay: 11° | 20° Wind speed: 28km/h, Wind direction: SW, Low tide: 06:16, High tide: 12:47, Low Tide: 18:26, High tide: 00:51 Rehoboth: 9° | 25° Mariental: 9° | 26° Keetmanshoop: 9° | 23° Aranos: 9° | 27° Lüderitz: 10° | 18° Ariamsvlei: 9° | 21° Oranjemund: 10° | 18° Luanda: 20° | 22° Gaborone: 11° | 28° Lubumbashi: 12° | 29° Mbabane: 12° | 28° Maseru: 5° | 21° Antananarivo: 8° | 24° Lilongwe: 15° | 27° Maputo: 16° | 32° Windhoek: 8° | 23° Cape Town: 11° | 14° Durban: 14° | 27° Johannesburg: 12° | 22° Dar es Salaam: 21° | 29° Lusaka: 15° | 28° Harare: 13° | 27° Economic Indicators: Currency: GBP to NAD 23.61 | EUR to NAD 19.85 | CNY to NAD 2.5 | USD to NAD 18.16 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.37 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.69 | ZWL to NAD 0.04 | BRL to NAD 3.31 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 133.77 | USD to AOA 872.64 | USD to BWP 13.49 | USD to EGP 48.15 | USD to KES 129.48 | USD to NGN 1555 | USD to ZAR 18.16 | USD to ZMW 26.05 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1783.48 Down -2.4% | Casablanca Stock Exchange (CSE) MASI 13456.34 Up +0.17% | Egyptian Exchange (EGX) 30 Index 27828.92 Down -0.44% | Botswana Stock Exchange (BSE) DCI 9380.4 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 477.21/OZ UP +0.36% | Copper US$ 4.43/lb DOWN -0.0057 | Zinc US$ 2 885.30/T DOWN -0.6% | Brent Crude Oil US$ 84.99/BBP UP +0.97% | Platinum US$ 1 011.54/OZ UP +0.89%