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) Supervisory body for accountable and reporting Institutions under
its jurisdiction in terms of section 35 of the Financial Intelligence Act No. 13 of 2012
(herein referred to as the “FIA”) read with the Namibia Financial Institutions Supervisory
Authority Act, 2001 (Act No. 3 of 2001).
In terms of section 35 of FIA, NAMFISA’s role is to supervise, monitor and enforce
compliance with the FIA, regulations, orders, circulars, notices, determinations and
directives issued in terms of the FIA.
NAMFISA exercises jurisdiction only over accountable and reporting institutions
specified in Schedule 1 and 2 of the FIA.
Why should we combat the financing/funding of terrorism?
Terrorist financing is the collection or the provision of funds for terrorist purposes.
Terrorist activities cause devastation and impacts innocent citizens, displacing families
and leaving children as orphans.
Similar methods used for money laundering are also used for the financing of terrorism.
In both cases, the offenders make illegitimate use of the financial sector. The techniques
used to combat the financing of terrorism aim at attacking terrorists and/or terrorist
organizations through their financial activities, and use the financial trail to identify the
various components of the terrorist network.
NAMFISA Complaints Department: (061) 290 5000 (main) or 290 5133 (Ms Marina
K. Ishidhimbwa) or 290 5207 (Ms Hilka Alberto), Fax: (061) 290 5122; for online
complaints email complaints@namfisa.com.na; visit www.namfisa.com.na or visit us
on the: 6th Floor, Alexander Forbes House, 154 Independence Avenue, Windhoek.
* NAMFISA treats all information obtained from the public
with confidentiality.
Issued by:
Phillip N. Shiimi
CHIEF EXECUTIVE OFFICER
