FATF grey list exit boosts confidence in financial system
Namibia's removal from the Financial Action Task Force (FATF) grey list should strengthen confidence in the country's financial system while serving as proof of what coordinated national efforts can achieve, finance minister Ericah Shafudah said following the country's successful exit from the list of jurisdictions under increased monitoring.
CHAMWE KAIRA
Namibia’s removal from the Financial Action Task Force (FATF) grey list should strengthen confidence in the country’s financial system while serving as proof of what coordinated national efforts can achieve, finance minister Ericah Shafudah said following the country’s successful exit from the list of jurisdictions under increased monitoring.
Shafudah welcomed the development, which became effective on 19 June 2026, but cautioned that the achievement should not lead to complacency.
“Namibia’s exit from the grey list should give us confidence, but not complacency. Let it serve as an example of what we can achieve when our institutions work together in pursuit of a national purpose,” she said.
