Bank of Nambia to get financial intelligence centre

Under this program, the U.S. Treasury’s Office of Technical Assistance will assign an advisor to the Bank of Namibia to help assist the Bank with the establishment of its Financial Intelligence Center.

“I am pleased to announce that the U.S Treasury Department’s Office of Technical Assistance (OTA) and the Government of Namibia, through the Bank of Namibia, are entering into an agreement to help Namibia develop and strengthen its programs to fight money laundering and counter terrorist financing. As part of that cooperation, OTA has assigned Mr. Dan Neau to assist the Bank of Namibia as it establishes Namibia’s Financial Intelligence Center,” said Ambassador Barr. “He has vast experience in combating financial crimes. He spent 16 years with the U.S. Treasury Department’s Financial Crimes Enforcement Network.

He has advised countries on establishing financial intelligence units, participated in technical assistance and training missions throughout the world, supported investigations and financial operations, and conducted various international training sessions and analyses on financial crimes,” continued Ambassador Barr.

Ambassador Barr and Governor Alweendo made this announcement at the closing ceremonies of the Financial Investigative Techniques Training workshop held at the Safari Court Hotel last week. Trainees from the Bank of Namibia, NAMFISA, law enforcement, and various Ministries successfully completed this course in combating money laundering and countering terrorist financing.

Ambassador Barr acknowledged both the need for this training and praised Namibia’s cooperative efforts with the United States. “Contrary to what some might believe, we know that money laundering attempts are present in Namibia. However, your financial systems are astute and quick to react. Therefore, I want to commend Namibia for its vigilance. We very much appreciate the Namibian Government, its law enforcement and commercial banks, as well as the Bank of Namibia for their cooperation with the United States in combating financial crimes.”

The United States Government has embarked on a global effort to assist countries in developing effective anti-money laundering and combating financing of terrorism regimes. These initiatives include assistance in developing laws and regulations, establishing institutions to combat money laundering, and building capacity to investigate and prosecute money laundering and terrorist financing cases.

November 2006
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