Become KYC compliant before 05 October

BAN Chairman Mpumzi PupumaClients of various banks have been urged to contact their respective banks to ensure that their personal documentation is identified and verified before 05 October 2013 in order to avoid freezing of their accounts.
This is in line with The Know Your Customer or KYC compliance call by the Bank of Namibia’s regulation in accordance to the Namibian Financial Intelligence (FIA) Act, No. 13 of 2012 aimed at combating money laundering.