New risk and compliance manager for FNB

New risk and compliance manager for FNB FNB Risk and Compliance recently welcomed Claude Mungunda as its new money laundering compliance manager.

Mungunda graduated from the University of Namibia with a bachelor's degree in commerce, majoring in accounting and business management. He also holds a certificate in asset liability management from Pune, India.

“I look forward to my new challenge to ensure that the group complies with all the relevant regulatory AML requirements both domestically and globally,” said Mungunda.

Money laundering was brought into the spotlight at the end of last year, although it is not a new phenomenon in Namibia.

Namibia was the first African country to undertake a National Money Laundering Assessment in 2012 that resulted in the development and implementation of laws and policies in line with international benchmarks.

“As a responsible business with strong ethics and a zero tolerance for non-compliance of the laws and regulations of the country, we pledge our unwavering support to ensure that shady transactions are reported and halted,” Mungunda added.

STAFF REPORTER