- Namibian government has installed anti money laundering software to be abreast with latest tracking technology to be part of the fight on organised global crime.
The installation, which follows a request by Namibia National Bank, will the country join others in acquiring benefits of goAML software which processes financial intelligence information, analyse large volumes of data and report suspicious money transactions.
The software was developed and created by UNODC to help financial intelligence and law enforcement agencies step up their fight against organised crime. The tool is also designed to be a low cost, off-the-shelf solution for developing countries that could not otherwise afford to develop such systems.
According to UNODC, industry experts put cost of similar software between $3 and $6 million on the open market, while goAML is supplied free of charge, with only installation and licensing costs at about $200,000.
Development of software is part of UN's initiative to intensifying fight against organized crime. As put by UNODC Executive Director, Antonio Maria Costa, earlier this year during UN Commission on Crime Prevention and Criminal Justice forum, where the rule of law is weak or absent, crime and corruption can hold back development and democracy and this can cause conflicts, mass poverty and environmental degradation creating further instability, further saying poor countries could not see benefits of reaching millennium development goals amidst rife organized crime.
The software which is still be installed in other countries such as Pristina and Kosovo next month, will be tested and evaluated in at least 108 member Egmont Group of Financial Intelligence Units.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
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