Financial crimes are mostly associated with money laundering and illegally acquired assets that help one receive proceeds that can be made to appear legitimate.

Namibia is no stranger to financial crimes, as some people in the country have been arrested for money laundering, dealing with drugs, and environmental crimes.

Financial crimes are often associated with serious crimes such as drug trafficking, robbery, and extortion. Therefore, various stakeholders and lawmakers are hard at work to find ways to identify financial crimes in Namibia.

The Deputy Director of the Monitoring, Supervision, and Strategic Analysis Division at the Financial Intelligence Centre (FIC), Kristian Hamutenya, presented an overview of Namibia's financial crime status.

However, Hamutenya stated that everyone's involvement is required in the fight against financial crime.

He encouraged Namibians to refrain from illicit activities, noting that those arrested for financial crimes risk losing their illegally acquired assets while facing jail time.