WHY ARE FINANCIAL INSTITUTIONS SO INSISTENT ON KYC AND AML/CFT/ CPF COMPLIANCE?

Namibia Financial Institutions Supervisory Authority (“NAMFISA”) is the designated Anti-Money Laundering (“AML”), Combatting Financing of Terrorism (“CFT”) and Combatting Proliferation Financing (“CPF”) supervisory body (Authority) for accountable institutions (“AIs”) and reporting institutions (“RIs”) under its jurisdiction in terms of sec 35 of the Financial Intelligence Act, No. 13 of 2012 (“FIA”) read with the NAMFISA Read more about WHY ARE FINANCIAL INSTITUTIONS SO INSISTENT ON KYC AND AML/CFT/ CPF COMPLIANCE?[…]

THE BENEFITS OF PREVENTION AGAINST CURE AND THE IMPORTANCE OF WELLNESS PROGRAMS

Asignificant proportion of the Namibian population are exposed to various health related risk factors due to a lack of: • interest in wellness programs; • sufficient consumer education on the benefits of wellness programs; • regular medical check-ups; and • financial support (affordability issues). The health related risk factors include, but are not limited to Read more about THE BENEFITS OF PREVENTION AGAINST CURE AND THE IMPORTANCE OF WELLNESS PROGRAMS[…]

Budget Wise, Save Wise and Spend Wise.

A very warm seasons greetings to all Namibian consumers of financial services and products. 2016 is yet another year full of new resolutions and added financial challenges. Constructing a New Year’s resolution to improve your finances is simple. However, following it is the difficult part. According to research done by John Norcross, a Psychologist from Read more about Budget Wise, Save Wise and Spend Wise.[…]