- EU designation follows FATF grey-listing, raising compliance costs for cross-border transactions
- Analysts warn of pressure on EU-linked FDI and correspondent banking ties
Windhoek, Namibia – Namibia’s growing reputation as an investment destination may be at risk following the European Union’s decision to classify it as a high-risk country for anti-money laundering and terrorism financing. The move, announced earlier this month, mirrors a similar decision by the Financial Action Task Force (FATF) in February, which placed Namibia on its so-called grey list.
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