Regulatory Alerts2017-03-23
Added · Updated
Financial Intelligence Regulations 2015
The Namibian Ministry of Finance issued these regulations to implement the Financial Intelligence Act, 2012 by establishing comprehensive compliance frameworks for accountable and reporting institutions. The rules mandate rigorous customer due diligence, identity verification, risk-based monitoring, and standardized reporting of suspicious transactions and large cash movements. Additionally, the regulations assign specific data collection and disclosure obligations to the Registrar of Companies and the Master of High Court while formally repealing prior financial intelligence regulations.