BoN staying away from BIPA tiff

The Bank of Namibia is reportedly to have opted to stay away from the controversy surrounding procurement of the Integrated Business Registration System (IBRS) by the Business and Intellectual Property Authority (BIPA). The central bank is said to be viewing the matter as an internal squabble among BIPA executives on how to implement the system, sources similar with the matter said. The implementing of the system is key if Namibia is to avoid being greylisted by the Financial Action Task Force (FATF) for falling short of certain international standards for combatting money laundering and other serious financial crimes. Sources who…