Financial Intelligence Act, 2007

The Financial Intelligence Act (Act No. 3 of 2007) of Namibia was signed by the Prsident on 5 July 2007 and published in the Government Gazette on 20 July 2007.

The aim of this Act is

• to provide for the combating of money laundering and to establish an Anti-Money Laundering Advisory Council;
• to provide the Bank of Namibia with the necessary powers to collect, assess and analyse financial intelligence data, which may lead or relate to money laundering;
• to impose certain duties on institutions which, and other persons who, may be used for money laundering; and
• to provode for incidental matters.