There are many ways of laundering money, sponsoring terrorism as well as manufacturing, acquisition and distribution of weapons of mass destruction in violation of national and international laws. This article aims to inform you, the consumer, of some of the ways these illegal activities are carried out. Money Laundering Techniques Money laundering involves taking illicit Read more about How money is laundered and how terrorists are sponsored[…]

Your offer to purchase your dream house has been accepted – you just need approval on your bond application; You’ve test driven your dream car; you’ve signed on the dotted line – and all you need is approval for your loan; You’ve decided to splash out and buy the dining room suite you’ve always wanted Read more about Planning a big-ticket purchase? Check your credit status first.[…]

Namibia Financial Institutions Supervisory Authority (“NAMFISA”) is the designated Anti-Money Laundering (“AML”), Combatting Financing of Terrorism (“CFT”) and Combatting Proliferation Financing (“CPF”) supervisory body (Authority) for accountable institutions (“AIs”) and reporting institutions (“RIs”) under its jurisdiction in terms of sec 35 of the Financial Intelligence Act, No. 13 of 2012 (“FIA”) read with the NAMFISA Read more about WHY ARE FINANCIAL INSTITUTIONS SO INSISTENT ON KYC AND AML/CFT/ CPF COMPLIANCE?[…]