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