The Financial Intelligence Centre (FIC) says the Namibian government is working closely with the Financial Action Task Force (FATF) to remove its greylisting by the Task Force. 

Namibia has been greylisted by the Financial Action Task Force (FATF) because of concerns over the effectiveness of some of its compliance standards with anti-money laundering, combating the financing of terrorism, and combating proliferation financing provisions.

The National Council Chairperson, Lukas Sinimbo Muha, has announced the resumption of the eighth session of the National Council, which is scheduled to last for the next three weeks.

The National Assembly has made progress in passing urgent Bills crucial to preventing potential greylisting by the Financial Action Task Force.

Out of the thirteen pressing Bills, eight have already been passed and referred to the National Council for review.