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Namibia’s Financial Intelligence Centre (FIC) has published its first AML/CFT/CPF Financial System Integrity Report, posted on its website in October 2026. The report assesses money laundering, terrorist financing and proliferation financing risks to Namibia’s financial system, using data up to 31 December 2025.
What the report shows
The FIC has received 15,226 suspicious transaction reports since 2009, rising from 89 in 2009 to a record 2,212 in 2025.
Banks filed 12,031 of these reports (79.0%), and authorised dealers with limited authority filed 1,798 (11.8%).
The FIC also received 2,306 suspicious activity reports. Banks filed 1,633, legal practitioners 142 and real estate agents 99.
The main threats named are corruption, fraud, cyber-enabled crime, trade-based money laundering, virtual assets and cross-border illicit flows. The oil and gas sector is flagged as needing supervision.
The report notes Namibia’s removal from the FATF grey list on 19 June 2026 and looks ahead to the next national risk assessment and the 2030 mutual evaluation.
Who it affects
All accountable and reporting institutions, including accountants and auditors, and businesses in higher-risk sectors.
What this means for accountants and finance professionals
Low reporting outside banks. Banks file most reports. The figures quoted above show far fewer reports from the professional sectors, which supervisors are likely to notice.
Beneficial ownership stays in focus. The report recommends stronger beneficial ownership transparency. Practitioners should keep client ownership records current.
Grey list exit is not the end. The report prepares for the 2030 mutual evaluation, so compliance programmes should be maintained.
Sector risks. Clients in oil and gas, trade and virtual assets may need enhanced due diligence.
What to do
Read the report, in particular the chapters on your sector and the recommendations.
Compare the named threats with your own risk assessment and update it.
Check that staff know how to recognise and report suspicious transactions and activities.
Review beneficial ownership records for clients in the higher-risk sectors.
Sources: FIC AML/CFT/CPF Financial System Integrity Report 2026 · AW, 2 June 2026: Namibia is off the FATF grey list