There is an urgent need for collaboration to combat money laundering in the country. This sentiment was echoed by participants at the National Training on Financial Analysis and Effective Utilisation of Financial Intelligence workshop, which concluded on Friday.

The weeklong workshop was attended by officials from the Financial Intelligence Centre of Namibia, investigators, and criminal intelligence officers from law enforcement agencies.

Competent investigative bodies provided information on how to curb incidents of transnational organised crime and terrorism.

The attendees further received training on how to detect and handle counter-terrorism financing.

The workshop organised by Anti-Money Laundering and Counter-Financing of Terrorism aims to target transnational organised crimes, terrorist groups, and related illicit financial flows in 34 countries in Eastern, Central, and Southern Africa and Yemen.

This will be archived through an effective and coordinated national response, among others.

The Financial Intelligence Centre of Namibia requested the European Union Delegation and EU-funded AML/CFT projects to provide technical assistance.

The technical assistance is expected to contribute to and enable Namibia to sufficiently implement the relevant actions, enhance its compliance with the relevant standards of the Financial Action Task Force, and exit from the grey list of increased monitoring.