STAFF WRITER
Minister of Finance Ericah Shafudah says Namibia is no longer on the list of countries that are grey listed by the Financial Action Task Force (FATF).
In a statement released on Friday the Finance Minister said Namibia has always been politically committed to meet the requirements set foe the country to be delisted form the list of countries that were closely monitored by the FATF.
“I wish to acknowledge the unwavering support of the cabinet through ou the greylisting process and express my sincere appreciation to the financial task committee and tenacity in steering Namibia through the process,” she said
Namibia was grey-listed in February 2024 for failing to meet international anti-money laundering and counter-terrorism financing (AML/CFT) standards. In response, the country implemented a series of regulations and legal frameworks to address 13 strategic deficiencies identified by the FATF. The target deadline to remedy these deficiencies was 13 May 2026.
Earlier this year the Director of the Financial Intelligence Centre, Bryan Eiseb, said Namibia’s political and institutional commitments yielded positive results at the FATF Plenary meeting held from 9–13 February 2026 in Mexico.
“During its Plenary meeting, the FATF accepted and made the initial determination that Namibia has substantially completed its action plan addressing the 13 strategic deficiencies. The country now warrants an on-site assessment to verify the implementation of AML/CFT framework reforms,” Eiseb said.
Namibia has also strengthened preventive measures, including inspections and outreach, to ensure financial institutions and other designated businesses implement enhanced due diligence and comply with targeted financial sanctions related to terrorism and proliferation financing without delay. The country has increased the filing of beneficial ownership information for legal persons and arrangements.
Eiseb said Namibia has provided the Financial Intelligence Centre with adequate human and financial resources, as well as targeted training, to improve operational and strategic analysis. The country has also enhanced cooperation between the FIC and law enforcement agencies to better integrate financial intelligence into investigations.
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