Money laundering workshop taking place at Keetmanshoop

KEETMANSHOOP; The Financial Intelligence Centre (FIC) and Anti-Money Laundering (AML) Solutions International are conducting a five-day workshop on combating money laundering.

The workshop commenced in Keetmanshoop on Monday and is being attended by around 40 law enforcement officials from the Namibian Police Force (NamPol), Inland Revenue, Customs and Excise, and the Prosecutor General’s Office, amongst others.

Workshop facilitator and FIC deputy director Gerrit Eiman said Namibians have to stand ready to fight money laundering, theft syndicates and terrorism and proliferation financing.

“We should not allow people to use our country as a channelling route for their illicit activities,” Eiman said.

The workshop will also look at ways to intercept funds gained through criminal activities in the country.

In opening remarks read on his behalf, NamPol Inspector-General, Lieutenant-General Sebastian Ndeitunga said the focus is on going after proceeds of crime.

“No criminal should benefit from illegally obtained wealth and they will face the full wrath of the laws in place,” he said in his statement read by Keetmanshoop-based Detective Inspector Douglas Hanse.

Ndeitunga said Namibia had sufficient financial crime laws in place, but there are a number of weaknesses in implementation – some of which the workshop aimed to address.

He added that Namibia is due to be reviewed in respect of international standards compliance relating to anti-money laundering and that this training was one of many initiatives by Government to prepare the country in attaining compliant ratings.

FIC is a Government agency located within the Bank of Namibia and AML Solutions is an international firm based in Australia. The workshop is closed and will look at confidential case studies and syndicate exercises. Participants will work in groups and will be informed on different investigation techniques.

The workshop is one of 15 held throughout the country. It ends on Friday.