FIC Namibia Seeks Industry Feedback on PIP Compliance Obligations

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TO ALL AML COMPLIANCE OFFICERS & ACCOUNTABLE REPORTING INSTITUTIONS

The above subject matter bear’s reference.

The Financial Intelligence Centre (FIC) is conducting a review of the implementation of obligations relating to Prominent and Influential Persons (PIPs) under sections 1, 21A, 23A, read with schedule 6 of the Financial Intelligence Act, 2012 (Act No.13 of 2012) (FIA), as amended.

In this regard, Accountable and Reporting Institutions are requested to provide input on any challenges experienced in complying with PIP-related obligations. This feedback will assist the FIC in identifying practical constraints, improving guidance, and strengthening the overall effectiveness of the national Anti-Money Laundering Combating the Financing of Terrorism and Proliferation Financing (AML/CFT/CPF) framework.

Institutions are hereby requested to submit written feedback addressing, among others:

Practical challenges experienced in identifying and verifying PIPs;
Any challenges experienced in applying Enhanced Due Diligence measures to PIPs;
Any perceived gaps or ambiguities in the legal framework relating to PIPs; and
Any other relevant issues that institutions wish to bring to the attention of the FIC in this regard.

Please submit your responses to fic.legal@fic.na by no later than 30 June 2026.

The FIC appreciates your continued cooperation and contribution towards strengthening Namibia’s AML/CFT/CPF framework.

Financial Intelligence Centre Namibia

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