Anti-Money Laundering & Inspections

The AML & Inspections department is responsible for executing NAMFISA's mandate to supervise, monitor and enforce compliance with the Financial intelligence Act, 2012 (Act No. 12 of 2012) and its subordinate instruments as well as with the Prevention and Combating of Terrorist and Proliferation Activities Act, 2014 (No. 4 of 2014) and its subordinate instruments in respect of all accountable and reporting institutions supervised by NAMFISA in terms of the NAMFISA Act 2001 (Act No.3 of 2001) using a risk-based approach.

The department, in collaboration with the Financial Intelligence Centre, strives to combat money laundering, financing of terrorism and proliferation activities and other financial crimes within the borders of Namibia, to protect the integrity and stability of the Namibian financial system. Its second role relates to conducting targeted inspections into a non-bank financial institution's affairs, or any part of such affairs, when the need arises.