{"id":192,"date":"2026-01-29T16:11:35","date_gmt":"2026-01-29T16:11:35","guid":{"rendered":"https:\/\/demo.ignitedigitalcc.com\/fic\/?page_id=192"},"modified":"2026-05-21T01:08:59","modified_gmt":"2026-05-21T01:08:59","slug":"our-governance","status":"publish","type":"page","link":"https:\/\/demo.ignitedigitalcc.com\/fic\/about-us\/our-governance\/","title":{"rendered":"Our Governance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"192\" class=\"elementor elementor-192\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2f42b2a e-flex e-con-boxed e-con e-parent\" data-id=\"2f42b2a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-da1dc6e e-con-full e-flex e-con e-child\" data-id=\"da1dc6e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3d18109 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"3d18109\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInDown&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Our Governance<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1d3e6c9 e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"1d3e6c9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeIn&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a0d7e94 e-con-full e-flex e-con e-child\" data-id=\"a0d7e94\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f2dfacc elementor-widget elementor-widget-heading\" data-id=\"f2dfacc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/about-us\/\">FIC Overview<\/a><\/span>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6950754 elementor-widget elementor-widget-heading\" data-id=\"6950754\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\"><a href=\"#\">Our Governance<\/a><\/span>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de4109b elementor-widget elementor-widget-heading\" data-id=\"de4109b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/about-us\/our-structure\/\">Our Structure<\/a><\/span>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bbfe054 elementor-widget elementor-widget-heading\" data-id=\"bbfe054\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/about-us\/our-board\/\">Our Board<\/a><\/span>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9381838 elementor-widget elementor-widget-heading\" data-id=\"9381838\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/about-us\/our-management\/\">Our Management<\/a><\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4902eb6 e-flex e-con-boxed e-con e-parent\" data-id=\"4902eb6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1bd53c9 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"1bd53c9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5ffc1c7 elementor-widget elementor-widget-heading\" data-id=\"5ffc1c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Governance Overview<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76c162c elementor-widget elementor-widget-text-editor\" data-id=\"76c162c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The FIC is an operationally independent and autonomous national financial intelligence centre, and is responsible for administering the FIA and combating ML\/TF\/PF activities in collaboration with stakeholders.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca9170b elementor-widget elementor-widget-text-editor\" data-id=\"ca9170b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The FIC is governed by an independent Board, which was established in terms of the FIA. The Board provides administrative and governance oversight to the FIC. In consultation with the Director, the Board determines an appropriate level of delegation of authority while reserving specific strategic and decision-making functions to maintain accountability and oversight.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-deda6cc elementor-widget elementor-widget-text-editor\" data-id=\"deda6cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Board exercises its oversight function through the following two sub-committees:<\/p><ul><li>Human Resources and Remuneration Committee<\/li><li>Audit and Risk Committee<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17a800f elementor-align-left elementor-widget elementor-widget-button\" data-id=\"17a800f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#government-purpose\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-angle-down\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M143 352.3L7 216.3c-9.4-9.4-9.4-24.6 0-33.9l22.6-22.6c9.4-9.4 24.6-9.4 33.9 0l96.4 96.4 96.4-96.4c9.4-9.4 24.6-9.4 33.9 0l22.6 22.6c9.4 9.4 9.4 24.6 0 33.9l-136 136c-9.2 9.4-24.4 9.4-33.8 0z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Our Purpose<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cf54f73 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"cf54f73\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_delay&quot;:400}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f714214 elementor-widget elementor-widget-heading\" data-id=\"f714214\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Governance Framework<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fff2fab elementor-widget elementor-widget-image\" data-id=\"fff2fab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-framework.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"fic-governance-framework\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjkxLCJ1cmwiOiJodHRwczpcL1wvZGVtby5pZ25pdGVkaWdpdGFsY2MuY29tXC9maWNcL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjZcLzAxXC9maWMtZ292ZXJuYW5jZS1mcmFtZXdvcmsuanBnIn0%3D\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"560\" src=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-framework.jpg\" class=\"attachment-full size-full wp-image-291\" alt=\"Governance Framework of FIC Namibia\" srcset=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-framework.jpg 800w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-framework-300x210.jpg 300w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-framework-768x538.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Click to expand...<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-df40cc5 e-flex e-con-boxed e-con e-parent\" data-id=\"df40cc5\" data-element_type=\"container\" data-e-type=\"container\" id=\"government-purpose\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a054765 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"a054765\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1cbf18c elementor-widget elementor-widget-heading\" data-id=\"1cbf18c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Governance Purpose<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af46991 elementor-widget elementor-widget-image\" data-id=\"af46991\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-purpose.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"fic-governance-purpose\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjkyLCJ1cmwiOiJodHRwczpcL1wvZGVtby5pZ25pdGVkaWdpdGFsY2MuY29tXC9maWNcL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjZcLzAxXC9maWMtZ292ZXJuYW5jZS1wdXJwb3NlLmpwZyJ9\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1010\" height=\"710\" src=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-purpose.jpg\" class=\"attachment-full size-full wp-image-292\" alt=\"Governance purpose of FIC Namibia\" srcset=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-purpose.jpg 1010w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-purpose-300x211.jpg 300w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-governance-purpose-768x540.jpg 768w\" sizes=\"(max-width: 1010px) 100vw, 1010px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Governance purpose of FIC Namibia<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ec5ada0 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"ec5ada0\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_delay&quot;:400}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4cb7002 elementor-widget elementor-widget-heading\" data-id=\"4cb7002\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Composition and Appointment<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fdba433 elementor-widget elementor-widget-text-editor\" data-id=\"fdba433\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Board\u2019s members are appointed by the Minister of Finance in terms of the FIA for a five-year term. In alignment with the NamCode and other governance principles, the establishment of a non-executive Board ensures independence from the operational functions of the FIC. The current Board reflects a balanced mix of skills, expertise, and experience to effectively oversee and support the fulfilment of the FIC\u2019s mandate.<\/p><p>During the reporting period, a director resigned due to potential conflicts of interest. The resignation was duly accepted and the vacancy will be filled in accordance with the FIA.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2aaaef0 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2aaaef0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc8c588 elementor-widget elementor-widget-heading\" data-id=\"cc8c588\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Meetings<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09bf03c elementor-widget elementor-widget-text-editor\" data-id=\"09bf03c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Board meetings are held quarterly and extra ordinary meetings are convened as the need arises.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-880b1a5 e-flex e-con-boxed e-con e-parent\" data-id=\"880b1a5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d9be04e e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"d9be04e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cdb5f9c elementor-widget elementor-widget-heading\" data-id=\"cdb5f9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Administrative Role of the Bank of Namibia<\/h2>\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a7b0977 e-con-full e-flex e-con e-child\" data-id=\"a7b0977\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-66e098e elementor-widget elementor-widget-text-editor\" data-id=\"66e098e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Bank of Namibia (BoN) provides a comprehensive range of administrative support services to the FIC, as provided for under the FIA. The main areas of support include human resources, remuneration and payroll management, budget and financial accounting, office space and equipment, strategic communications, records management, and information technology support.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e1dd8b elementor-widget elementor-widget-image\" data-id=\"4e1dd8b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1419\" height=\"694\" src=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/logo-bon.png\" class=\"attachment-full size-full wp-image-297\" alt=\"\" srcset=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/logo-bon.png 1419w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/logo-bon-300x147.png 300w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/logo-bon-1024x501.png 1024w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/logo-bon-768x376.png 768w\" sizes=\"(max-width: 1419px) 100vw, 1419px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b43de4b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b43de4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-05f4690 e-con-full e-flex e-con e-child\" data-id=\"05f4690\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-cfbb3fd e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"cfbb3fd\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5c93980 elementor-widget elementor-widget-heading\" data-id=\"5c93980\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Risk Management and Assurance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-452b4cb elementor-widget elementor-widget-heading\" data-id=\"452b4cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Risk Management Framework<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-697416d elementor-widget elementor-widget-text-editor\" data-id=\"697416d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Risk Management and Assurance Function was segregated from the BoN, reflecting the FIC\u2019s evolution towards operational independence and governance autonomy.<\/p><p>The function plays a critical role in supporting the FIC\u2019s mandate to assist with combating money laundering, the financing of terrorism, and proliferation. The FIC maintains a robust risk management framework, which is in alignment with international best practices.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6552ca elementor-widget elementor-widget-text-editor\" data-id=\"f6552ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>During the review period, the Risk Management and Assurance Function conducted a comprehensive organisation-wide risk assessment. Through engagement with all functional areas, risks that could have a significant impact on the achievement of the FIC\u2019s mandate as well as the progress made in addressing them were identified. These included reputational risks, people risks, operational risks, security risks, and cybersecurity risks.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4c2487 elementor-widget elementor-widget-text-editor\" data-id=\"b4c2487\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Senior Management Committee, the Board Audit Committee, and the Board continued to examine and monitor the risks identified and their defined response strategies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-48a1769 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"48a1769\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_delay&quot;:400}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-423ded7 elementor-widget elementor-widget-image\" data-id=\"423ded7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-img-digital-forensic-search.jpg\" class=\"attachment-full size-full wp-image-251\" alt=\"\" srcset=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-img-digital-forensic-search.jpg 1500w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-img-digital-forensic-search-300x200.jpg 300w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-img-digital-forensic-search-1024x683.jpg 1024w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-img-digital-forensic-search-768x512.jpg 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6eb9cf elementor-widget elementor-widget-heading\" data-id=\"a6eb9cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Key Risk Mitigation Measures<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08addfe elementor-widget elementor-widget-text-editor\" data-id=\"08addfe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The key risk mitigation measures includes:<\/p><ul><li>continuous monitoring and periodic reporting of the top risks in the FIC\u2019s operations;<\/li><li>risk assessments of the FIC\u2019s different functions;<\/li><li>approval of the Risk Management Policy; and<\/li><li>approval of the Internal Audit Charter and Audit Plan.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b16aaaf e-con-full e-flex e-con e-child\" data-id=\"b16aaaf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-94157c2 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"94157c2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInLeft&quot;,&quot;animation_delay&quot;:400}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eae3226 elementor-widget elementor-widget-image\" data-id=\"eae3226\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-img-digital-fingerprint.jpg\" class=\"attachment-full size-full wp-image-298\" alt=\"\" srcset=\"https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-img-digital-fingerprint.jpg 700w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-img-digital-fingerprint-300x300.jpg 300w, https:\/\/demo.ignitedigitalcc.com\/fic\/wp-content\/uploads\/2026\/01\/fic-img-digital-fingerprint-150x150.jpg 150w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-47bf7ea e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"47bf7ea\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;,&quot;animation_delay&quot;:100}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6382735 elementor-widget elementor-widget-heading\" data-id=\"6382735\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Governance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7e2d1f elementor-widget elementor-widget-text-editor\" data-id=\"e7e2d1f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Board remains ultimately accountable for the overall process of risk management. As a specialised Board sub-committee, the Audit and Risk Committee assists the Board in fulfilling its risk management oversight responsibilities.<\/p><p>The implementation of risk management processes is a Management function, which fosters a culture where risk management is integrated into day-to-day operations and decision-making processes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c3f69f elementor-widget elementor-widget-heading\" data-id=\"1c3f69f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Organisation Risk Management Framework<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d9fa7c elementor-widget elementor-widget-text-editor\" data-id=\"3d9fa7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The FIC maintains a robust risk management framework, which is in alignment with international best practices.<\/p><p>The framework includes:<\/p><ul><li>risk management policies;<\/li><li>risk assessment methodology;<\/li><li>the Risk Register;<\/li><li>risk mitigation strategies; and<\/li><li>monitoring and reporting.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c6771f6 e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"c6771f6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeIn&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4854003 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"4854003\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInDown&quot;,&quot;animation_delay&quot;:200}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cfb695e elementor-widget elementor-widget-heading\" data-id=\"cfb695e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Governance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9bf7a1 elementor-widget elementor-widget-text-editor\" data-id=\"a9bf7a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The FIC is an operationally independent and autonomous national financial intelligence centre, and is responsible for administering the FIA and combating ML\/TF\/PF activities in collaboration with stakeholders.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cb4c046 e-con-full e-flex e-con e-child\" data-id=\"cb4c046\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-643674f e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"643674f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:400}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1491479 elementor-widget elementor-widget-heading\" data-id=\"1491479\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Our Board<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ee91c8 elementor-widget elementor-widget-text-editor\" data-id=\"2ee91c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The FIC is governed by an independent Board that provides strategic oversight and ensures accountability in the execution of its mandate.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9ba785 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"c9ba785\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/about-us\/our-board\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Meet the Board<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3d429ea e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"3d429ea\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:500}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cbb7586 elementor-widget elementor-widget-heading\" data-id=\"cbb7586\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Our Management<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74630d2 elementor-widget elementor-widget-text-editor\" data-id=\"74630d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The FIC\u2019s Management team leads the day-to-day implementation of the Centre\u2019s mandate under the direction of the Director.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2412522 elementor-align-left elementor-widget elementor-widget-button\" data-id=\"2412522\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/about-us\/our-management\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Meet the Team<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-19f8ab2 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"19f8ab2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:600}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-58186ce elementor-widget elementor-widget-heading\" data-id=\"58186ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">About Us<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aedf7fe elementor-widget elementor-widget-text-editor\" data-id=\"aedf7fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The FIC is the Financial Intelligence Unit of the Government of the Republic of Namibia.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-059325a elementor-align-left elementor-widget elementor-widget-button\" data-id=\"059325a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/about-us\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-angle-right\" viewBox=\"0 0 256 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.3 273l-136 136c-9.4 9.4-24.6 9.4-33.9 0l-22.6-22.6c-9.4-9.4-9.4-24.6 0-33.9l96.4-96.4-96.4-96.4c-9.4-9.4-9.4-24.6 0-33.9L54.3 103c9.4-9.4 24.6-9.4 33.9 0l136 136c9.5 9.4 9.5 24.6.1 34z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read More<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Our Governance FIC Overview Our Governance Our Structure Our Board Our Management Governance Overview The FIC is an operationally independent and autonomous national financial intelligence centre, and is responsible for administering the FIA and combating ML\/TF\/PF activities in collaboration with stakeholders. The FIC is governed by an independent Board, which was established in terms of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":142,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-192","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Our Governance - Financial Intelligence Centre<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/demo.ignitedigitalcc.com\/fic\/about-us\/our-governance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our Governance - Financial Intelligence Centre\" \/>\n<meta property=\"og:description\" content=\"Our Governance FIC Overview Our Governance Our Structure Our Board Our Management Governance Overview The FIC is an operationally independent and autonomous national financial intelligence centre, and is responsible for administering the FIA and combating ML\/TF\/PF activities in collaboration with stakeholders. 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