Namibia

Sets the licensing process for non-bank payment instrument issuers, payment facilitators and third-party payment service providers, and the authorisation route for banks. Requires a compliance officer resident in Namibia (s 14), monthly reporting (s 24) and prior approval for significant changes (s 18). Gazette 8822, 6 January 2026, replacing the version in General Notice 84 of 2024. It has no sandbox provisions.

Requires payment service providers and system operators to maintain a board-approved cybersecurity and operational resilience framework, with annual penetration tests and a 24-hour preliminary notification to the Bank of a successful cyberattack (ss 11.23-11.25). Gazette 8968, 3 July 2026; existing providers have six months to comply (s 18.1). Repeals the 2022 PSD-12.

Sets minimum requirements for e-money issuers, including a micro e-money tier capped at N$5,000 a day (s 11.1.3) and N$1 million in total funds (s 11.1.4). Pooled customer funds must sit in a trust account at a bank, cover at least 100% of outstanding e-money, be reconciled daily and be audited annually (s 13). Issued under s 45 of the Payment System Management Act, 2023; Gazette 8457, 27 September 2024; takes effect six months after publication.

A controlled environment in which NAMFISA-regulated firms and start-ups test new products under supervision, run in cohorts by industry (insurance, medical aid, pensions, capital markets, microlending). The page, published 28 March 2024, lists Crowdfunding Guidelines and peer-to-peer process documents.

Regulations made under section 73(2) of the Financial Intelligence Act. The original regulations (Government Notice 3 of 2015) took effect on 28 January 2015; the latest amendment, Government Notice 271 of 2023 (Gazette 8191), took effect on 31 August 2023.

Rules made by the Bank of Namibia as designated Regulatory Authority under s 51(1) of the Virtual Assets Act, published as General Notice 511 of 2023 in Government Gazette 8195 on 1 September 2023. They set the licence application route (Form 1, N$5,000 fee), licence forms for service providers and token issuers, and a duty to appoint a compliance officer resident in Namibia.

Creates terrorism and proliferation offences and implements UN Security Council resolutions. As substituted by Act 8 of 2023, s 25 requires assets of UN-designated persons to be frozen without delay and prior notice, with a report to the Centre, and makes it an offence to make funds available to them (up to N$100 million or 30 years' imprisonment). In force 1 July 2014 (GN 80 of 2014), per the FIA amendment list.

Namibia's main AML/CFT/CPF statute. It establishes the Financial Intelligence Centre (s 7) and sets duties on accountable and reporting institutions for risk assessment and compliance programmes (s 20A), customer due diligence (ss 21-24), record keeping (ss 26-27), suspicious transaction reporting (s 33) and electronic transfers (s 34). Latest amendment listed in the text: Financial Intelligence Amendment Act 6 of 2023, in force 21 July 2023.

Consolidates Namibian labour law: basic conditions of employment, health and safety, unfair labour practices, trade unions and dispute resolution. Section 6 bars prejudice to an employee for disclosing information the employee is entitled or required to give, and s 33 makes dismissal for such conduct unfair. Published in Government Gazette 3971 on 31 December 2007; commencement was staggered.

Provides for measures against organised crime, money laundering and criminal gangs, and for recovering proceeds of unlawful activity. Chapter 3 creates the money laundering offences (ss 4-6), and Chapters 5 and 6 cover confiscation and civil forfeiture. Signed 19 December 2004, in force 5 May 2009, and amended in 2023 (Act 9 of 2023).

Establishes the Anti-Corruption Commission (s 2) and creates corruption offences carrying up to N$500,000 and 25 years' imprisonment (s 49). Public officers must report gratification offers (s 48) and informers are shielded from civil, criminal and disciplinary action (s 52). Amended by the Anti-Corruption Amendment Act 10 of 2016, effective 25 October 2016.