local Economist Theo Klein

SA greylisting a wake up call for Namibia

SA greylisting a wake up call for Namibia

Martin Endjala The Institute for Public Policy Research (IPPR) Director Graham Hopwood has cautioned the Namibian government to use South Africa’s greylisting by the Financial Action Task Force (FATF) as a warning to relook its anti-money laundering systems, to align it with international laws and international standards. The FATF is the global money laundering and terrorist financial watchdog. “Namibia also has to meet the same standards in terms of tackling anti-money laundering,while introducing effective systems and if we don’t we will also be grey-listed by the FATF”, said Hopwood in an interview. He added that this is a warning sign…
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