FIC crucial in fighting corruption

Jo-Maré Duddy - Namibia’s Financial Intelligence Centre has scrutinised 6 568 suspicious transaction reports since its inception in 2009.
In 2019/20, the FIC was notified of 1 166 suspicious transaction reports (STRs), according to its latest annual report, released today.
Intelligence provided by the FIC to the Anti-Corruption Commission (ACC), ministry of finance, Namibian police, the Office of the Prosecutor General and foreign financial intelligence units in 2019/20 lead to a total value of potential proceeds of crime amounting to N$17 billion which is now subject to investigations.
In her overview, FIC director Leonie Dunn said the centre’s intelligence in the past financial year played a “key role in identifying and tracking millions of bank transactions and criminal proceeds running into billions of Namibian dollars thus far”.