Authorities freeze 20 accounts suspected of N$61m fraud
THE authorities have frozen access to bank accounts linked to suspected fraud and money laundering involving an estimated N$61 million. According to the latest report from the Financial Intelligence Centre (FIC), the institution issued 20 account restriction orders between 1 April 2025 and 31 March this year. The FIC says the account restrictions allow it […] The post Authorities freeze 20 accounts suspected of N$61m fraud appeared first on The Namibian .
THE authorities have frozen access to bank accounts linked to suspected fraud and money laundering involving an estimated N$61 million.
According to the latest report from the Financial Intelligence Centre (FIC), the institution issued 20 account restriction orders between 1 April 2025 and 31 March this year.
The FIC says the account restrictions allow it to investigate suspicious transactions and work with law-enforcement agencies to prevent suspected criminals from accessing or transferring funds.
“By enabling the temporary restriction of accounts linked to the suspected proceeds of crime, these interventions demonstrate the practical value of collaboration between the FIC, the private sector and law-enforcement agencies,” the report reads.
