Financial crime poses a significant risk to the financial sector in Namibia while damaging the stability of the economy.
These sentiments emerged during the first-ever Anti-Financial Crime Conference in Windhoek.
Namibia has been warned against the inherent risks associated with developments in the oil and gas sector and the emergence of the green hydrogen sector and to remain vigilant.
Namibia's financial system will continue uninterrupted, despite the greylisting of South Africa.
This assurance is given by the Bank of Namibia, following the rating of South Africa by the Financial Action Task Force (FATF).
