Money-laundering watchdog sanctions 342 offenders
The Financial Intelligence Centre has issued 342 administrative sanctions and N$19.91 million in penalties following a 1 300% surge in anti-money laundering compliance failures. This is from just 25 sanctions the previous year. The centre’s 2025 annual report shows that the sanctions resulted in N$19.91 million in financial penalties for institutions that failed to comply […] The post Money-laundering watchdog sanctions 342 offenders appeared first on The Namibian .
The Financial Intelligence Centre has issued 342 administrative sanctions and N$19.91 million in penalties following a 1 300% surge in anti-money laundering compliance failures.
This is from just 25 sanctions the previous year.
The centre’s 2025 annual report shows that the sanctions resulted in N$19.91 million in financial penalties for institutions that failed to comply with the Financial Intelligence Act and the Prevention and Combating of Terrorist and Proliferation Activities Act.
