Combating Money Laundering in Namibia

Headline: Bank of Namibia Cracks Down on Money Laundering

KATutura, NAMIBIA - The Bank of Namibia has announced its commitment to combating money laundering in the country, a serious crime that affects the stability of the Namibian economy.

What is Money Laundering?

According to the bank’s spokesperson, “Money laundering is the process by which proceeds of crime (dirty money) are concealed to appear as legitimate money (clean money).” The government of Namibia, through the Bank of Namibia, is committed to combating this illegal activity.

Measures Implemented by the Bank of Namibia

To achieve its goal, the Bank of Namibia has implemented various measures aimed at preventing and detecting money laundering activities. These include:

• Conducting thorough due diligence on customers
• Verifying their identities
• Monitoring suspicious transactions

Contact Information for the Bank of Namibia

The bank’s address for conducting business in Namibia is:

71 Robert Mugabe Avenue, Windhoek, Namibia

Contact details:

• Phone: +264 61 283 5100
• Fax: +264 61 283 5259
• Email: fichelpdesk@bon.com.na

Registration Numbers and Nature of Business

The Bank of Namibia’s commitment to combating money laundering is reflected in its registration number, which is [insert registration number]. The bank’s nature of business includes providing financial services to individuals and businesses in Namibia.

Tax Registration Numbers

The bank’s income tax or VAT registration numbers issued by the Namibian Receiver of Revenue are [insert registration numbers].

Additional Information

For more information about the Bank of Namibia’s commitment to combating money laundering, please visit our website at www.bon.com.na.