The Authority exists to supervise financial institutions and financial services and to advice the Minister of Finance on matters relating to financial institutional and financial services in terms of the Namibian Financial institution Supervisory Authority Act No. 3 of 2001. NAMFISA is the designated Anti Money Laundering (AML) / Combatting the Financing of Terrorism (CFT) Read more about The Financing/Funding of Terrorism[…]
1. What is money laundering? The Namibia Financial Institutions Supervisory Authority (NAMFISA) is an independent institution established by virtue of Act No. 3 of 2001 to regulate and supervise the non-banking financial sector in Namibia. This relates inter alia to the business ensure Anti Money Laundering and CFT compliance by accountable and reporting institutions and Read more about AML[…]
Introduction As the world progresses with improvements in technology and medicine, today an average person is expected to live longer than they did before. On the other hand, the number of years where that the same person can work and earn an income is limited. In Namibia the normal retirement age is 60 years of Read more about When can members claim pension benefits?[…]
• Debit order investments – you can make regular payments, e.g. monthly, into your account; and • Switching – as there are many different collective investment portfolios, you can switch between different portfolios at little or no cost. Do all unit trusts have equal risk? All investment carry some degree of risk that could affect Read more about Questions to ask your before investing in a Debit order investments[…]