With money laundering, business fraud, and illicit dealings detected in the business environment, the Business and Intellectual Property Authority (BIPA) and the Namibia Revenue Agency (NamRA) have signed a Memorandum of Understanding to curb and educate those in the business world about these emerging crimes.

The Chief Executive Officer of the Business and Intellectual Property Authority (BIPA) says the Namibian Intellectual Property Rights Laws are outdated and not fit for purpose.

The Namibia Revenue Agency (NamRA) confiscated goods worth more than N$5 billion between 2004 and 2020.