BUSINESS TODAY | Namibia grapples with financial crimes and money laundering
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Financial crimes are mostly associated with money laundering and illegally acquired assets that help one receive proceeds that can be made to appear legitimate.
Financial crimes are mostly associated with money laundering and illegally acquired assets that help one receive proceeds that can be made to appear legitimate.
Namibia has reported 17 cases of wildlife crimes and 34 arrests during Operation Saving African Wildlife through Multilateral Assistance (SAMA), which was conducted between January and February.
Rundu has seen an increase in certain crimes in 2023 compared to 2022, according to statistics provided by the Kavango East Regional Police.
The statistics compare various crimes between January and December 2022 and January and September 2023.
The Namibian Police (NamPol), the Anti-Corruption Commission (ACC), and the Bank of Namibia (BoN) signed an agreement to curb transnational organised crimes as well as reduce the risk of the country being grey-listed by the Eastern and Southern African Anti-Money Laundering Group and the Financial Action Task Force
The recent increase in wildlife crimes in the country remains a concern to the Ministry of Environment, Forestry, and Tourism.
A total of 55 rhinos have been poached between January and August this year, an increase of 11 cases compared to last year.