Stay Healthy, Save More: The Power of Prevention
A large part of Namibia’s population is at risk of chronic diseases like heart disease, diabetes, and hypertension due to:
These conditions are often preventable with early action and healthy living.
What Does Good Health Mean?Good health is more than the absence of illness. It’s about:
1. Physical well-being: energy, nutrition, rest, fitness
2. Mental well-being: stress management, self-worth
3. Spiritual well-being: peace, gratitude, forgiveness
Maintaining good health requires active participation — through diet, exercise, rest, stress management, and regular check-ups.
1. Physical well-being: energy, nutrition, rest, fitness
2. Mental well-being: stress management, self-worth
3. Spiritual well-being: peace, gratitude, forgiveness
Maintaining good health requires active participation — through diet, exercise, rest, stress management, and regular check-ups.
Types of Offences under the FIAOffences are grouped into five categories:
1. Administrative – Failure in client identification, risk assessment, due diligence, etc.
2. Records – Tampering with or failing to keep/access required records.
3. Reporting – Not reporting large or suspicious transactions.
4. Disclosure – Tipping off or misusing confidential information.
5. Directives – Ignoring directives or obstructing NAMFISA officials.
Penalties can include up to N$100 million in fines or 30 years in prison, or both.
Failure to submit compliance reports to NAMFISA can also result in up to N$10 million fine or 10 years imprisonment. Penalties may also apply to NAMFISA itself if it fails in its supervisory duties.
1. Administrative – Failure in client identification, risk assessment, due diligence, etc.
2. Records – Tampering with or failing to keep/access required records.
3. Reporting – Not reporting large or suspicious transactions.
4. Disclosure – Tipping off or misusing confidential information.
5. Directives – Ignoring directives or obstructing NAMFISA officials.
Penalties can include up to N$100 million in fines or 30 years in prison, or both.
Failure to submit compliance reports to NAMFISA can also result in up to N$10 million fine or 10 years imprisonment. Penalties may also apply to NAMFISA itself if it fails in its supervisory duties.
Before Criminal Action: Alternative MeasuresNAMFISA may first use non-criminal options:
1. Directives – Instructions to take action or stop non-compliant activities..
2. Administrative Penalties – Includes cautions, business restrictions, licence suspensions, and fines up to N$10 million.
3. Court Action – To force compliance or clarify legal obligations.
1. Directives – Instructions to take action or stop non-compliant activities..
2. Administrative Penalties – Includes cautions, business restrictions, licence suspensions, and fines up to N$10 million.
3. Court Action – To force compliance or clarify legal obligations.
