Namibia: N$107m crime proceeds blocked

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October 9 2018

THE Financial Intelligence Centre, a national agency tasked with investigating financial crimes in Namibia, says it has recovered more than N$107 million in proceeds of crime between 2009 and 2017.

These details are contained in the centre’s 2017 financial report, which also covers concerns by its director, Leonie Dunn, about how the shortage of staff had forced the agency not to investigate the majority of financial crime alerts they had received.

“Since 2010 until 31 March 2017, proceeds of crime amounting to almost N$107 million were recovered due to the FIC’s assistance,” the annual report said.