Lavinia Hofni unpacks the deeper risks, reputational consequences, and possible opportunities after FATF grey-listing

[PODCAST]

Namibia is working hard to clean up its financial record after being grey-listed by the Financial Action Task Force (FATF) in February 2024. Just over a year later, the country has resolved 8 out of 13 flagged issues in its anti-money laundering and counter-terrorism financing systems. However, the recent move by the European Union to classify Namibia as a high-risk jurisdiction raises red flags for investors and financial institutions.

To better understand the economic implications of this designation, and what it means for Namibia’s investment climate, we speak to economist Lavinia Hofni, who unpacks the deeper risks, reputational consequences, and possible opportunities as the country moves toward full FATF compliance.