Money laundering and the financing of terrorism remain pressing concerns in the Southern African Development Community (SADC) region, prompting member states to intensify efforts to safeguard financial systems. Central banks across the region have responded by establishing bilateral and multilateral agreements to enhance regional financial integration, strengthen payment systems and advance monetary stability.

In a recent development, the Bank of Namibia and the South African Reserve Bank (SARB) have signed a revised Memorandum of Understanding (MoU) aimed at strengthening institutional cooperation between the two central banks. The updated agreement will support closer collaboration in areas such as financial surveillance, regulatory frameworks, payment systems, and cross‑border financial stability.

Thami Ngubeni spoke to Yolanda Vatsha, Spokesperson for the South African Reserve Bank.