The Financial Action Task Force global anti money-laundering watchdog on Friday removed Namibia and Algeria from its ‘grey list’ of countries that require increased monitoring, as both countries made good progress in tackling financial crime.
“On the FATF grey list, this week we have removed Algeria and Namibia from the grey list, after Algeria made strides in risk-based supervision, beneficial ownership and targeted financial sanctions, and Namibia enhancing risk-based supervision to financial and non-financial sectors and increased investigations and prosecutions of serious and complex money laundering,” said FATF president Elisa de Anda Madrazo in a statement.
Namibia’s government had already stated that it had been removed from the FATF’s “grey list”.
Namibia was placed on the ‘grey list’ in February 2024 due to 13 deficiencies in its systems to combat money laundering and terrorism financing.
Analysts say getting off the list could make it easier for capital to enter those countries and ease transaction delays.
In October 2025, the watchdog removed four African nations – South Africa, Nigeria, Mozambique and Burkina Faso – from the list.
SOURCE:TRT Afrika and agencies