This article was added by the user . TheWorldNews is not responsible for the content of the platform.

New law targets unexplained wealth

Justice minister Yvonne Dausab has introduced an amendment bill in parliament that will allow for unexplained wealth orders.

The measures in the prevention of organised crime amendment bill will compel individuals to explain their source of wealth, Dausab said in parliament on Tuesday.

She said the bill would also provide for the creation of the offence of money laundering, the prevention of the smuggling of migrants into Namibia, and the illicit trafficking of stolen goods.

According to the minister, the legislation will broaden the scope of law enforcement officials by empowering the police to search any property where there is a reasonable suspicion of a crime.

It will further make provision for the support of the Financial Intelligence Centre and the relevant supervisory institutions to prevent and curb organised crime, and for collaboration between the police and the financial institutions to ensure access to information.

“This bill addresses the concerns raised by the relevant institutions and will ensure that Namibia continues to stand guard against corruption and organised crime, avoids international sanctions, and steers clear of being grey listed,” Dausab explained.

The bill seeks to amend the Prevention of Organised Crime Act 29 of 2004.

Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for only N$85 a month. Invest in journalism, invest in democracy – subscribe now!