Financial Crime World

Namibia’s Financial Intelligence Centre Boosts Compliance Training with Certification Programs

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In a bid to enhance financial integrity and combat money laundering, terrorist financing, and other illicit activities in Namibia, the Financial Intelligence Centre (FIC) has launched a compliance training portal aimed at equipping professionals with the necessary skills and knowledge to stay ahead of ever-evolving regulations.

Compliance Training Portal: A Comprehensive Guide

The FIC Compliance Training Portal is designed to provide comprehensive guidance on:

  • General obligations
  • Registrations
  • Risk assessments
  • Risk-based approaches
  • Politically exposed persons
  • Targeted financial sanctions

The program is tailored to cater to the needs of: + Compliance officers + Regulatory bodies + Other stakeholders operating in Namibia’s financial industry

Certification Programs: Empowering Professionals

By offering certification programs, the FIC aims to ensure that professionals are equipped with the expertise required to effectively identify, prevent, and report suspicious transactions, thereby contributing to a safer and more transparent financial environment.

According to sources at the FIC, the training portal is a crucial step towards promoting compliance excellence in Namibia’s financial sector. “Our goal is to empower professionals with the knowledge and skills needed to navigate the complex regulatory landscape,” said an FIC spokesperson. “By doing so, we can strengthen our country’s anti-money laundering and combating the financing of terrorism (AML/CFT) framework.”

How to Get Started

Interested parties are encouraged to:

  • Consult the appropriate Guidance Notes on the FIC website
  • Contact the helpdesk at helpdesk@fic.na for more information on the certification programs

By leveraging this compliance training portal, Namibia’s financial industry can expect a significant boost in professionalism and expertise, ultimately contributing to a safer and more transparent financial environment.