Guest Contributor | Jul 29, 2020 | 0
Anti money laundering dialogue
Namibia is hosting the Eastern Southern African Anti-Money Laundering Group (ESAAMLG) and G8 sub-Saharan Africa Anti-Money Laundering and Combating the Financing of Terrorism Public-Private Sector Dialogue (PPSD).
The dialogue opens this Friday, 6 September in Swakopmund.
The Minister of Finance, Saara Kuugongelwa-Amadhila is expected to launch the event in her capacity as President of the ESAAMLG Council of Ministers.
According to a statement from the Bank of Namibia, the purpose of the event is to facilitate the development and implementation of effective Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) controls, which are based on the revised international standards on combating AML/CFT as promulgated by the Financial Action Task Force (FATF).
The PPSD agenda will focus, amongst others, on the implementation of FATF standards, customer due diligence and know your customer requirements, high risk customers, mobile money and remittances, and correspondent banking services.
The dialogue ends on the 8th of September.