Namibia Poised to Exit FATF Grey List After Addressing AML/CFT Deficiencies

Namibia is on track to exit the Financial Action Task Force (FATF) grey list after addressing all 13 strategic deficiencies in its anti-money laundering and counter-terrorism financing (AML/CFT) framework ahead of the May 2026 deadline.

Comprehensive Reforms Implemented

The Financial Intelligence Centre (FIC) announced that Namibia has strengthened risk-based supervision, enhanced preventive measures, and improved cooperation between financial intelligence and law enforcement agencies. These reforms have been commended by the FATF as a model for other countries in the greylisting process.

Next Steps: On-Site Assessment

An on-site assessment by reviewers from the Africa Joint Group is scheduled for April 2026, with the outcome expected to be presented at the next FATF Plenary in June 2026. A final decision on Namibia's exit from the grey list will be considered at that time.

Implications for Namibia's Financial Sector

Exiting the grey list is anticipated to bolster investor confidence and enhance Namibia's reputation in the global financial community, facilitating greater economic growth and stability.