Our Mandate

The Namibia Financial Institutions Supervisory Authority (NAMFISA) exists to supervise financial institutions and financial services and to advise the Minister of Finance on matters relating to financial institutions and financial services in terms of the Namibia Financial Institutions Supervisory Authority Act, 2001 (Act No. 3 of 2001).

 

CORE FUNCTION 1 – SUPERVISION

To supervise the business of financial institutions and financial services

CORE FUNCTION 2 – ADVICE

To advise the Minister of Finance on matters related to financial institutions and financial services

ADDITIONAL FUNCTION – AML/CFT SUPERVISION

To supervise, monitor and enforce compliance with the Financial Intelligence Act, 2012 (Act No. 12 of 2012) in respect of all accountable and reporting institutions supervised by NAMFISA in terms of the NAMFISA Act.