Namibia’s Efforts to Exit FATF Greylist Not Over

 

By: Justicia Shipena

 

Namibia’s potential failure to exit the Financial Action Task Force (FATF) greylist by the end of its current cycle in March 2025 will not mark the end of the country’s efforts, according to economist Salomo Hei.

This assurance follows the Financial Intelligence Centre’s (FIC) announcement on Monday that Namibia has made progress in addressing the deficiencies that led to its greylisting by the FATF.

Hei explained that while missing the March 2025 deadline would delay the exit, Namibia would still have an opportunity to fulfil the necessary measures in the next review cycle.