Financial crime governance should be happening in the boardroom and the legal and financial fallout from the lack of enforcement is becoming increasingly serious
Victims of scams and pyramid schemes have little chance of recouping their financial losses
The National Prosecuting Authority is ready to act on state capture crimes but whether it has the ability to do so has been questioned
Fresh billions will allow the appointment of 15 000 police trainees and prosecutors with skill in bringing financial crimes to court
The finance minister said South Africa still needs to address shortcomings but hopes the sanctions will not be severe
The country shouldn’t be facing this threat but it could bring urgency to bringing in reforms to stop corruption
After a small increase in the MTBPS, there will be further allocations for the NPA and the fight against financial crime in the 2023 budget
The Gupta era exposed the flaws in the country’s anti-money laundering framework and now the government is dealing with the consequences
South Africa’s banks and the treasury must address legal loopholes and weaknesses by October or face greylisting by global money laundering watchdog
Less than one in five municipalities received a clean audit for 2020-21
The conference was attended by state agencies, blue- chip global and local non-governmental agencies and public accountability experts
The finance minister adds R426-million to employ 90 more staff for the Investigating Directorate, but most of it must be found through ‘reprioritisation’
Not ‘trial ready’: 386 Special Investigating Unit referrals lead to just one case in court so far
The illegal wildlife trade is one of the most profitable criminal enterprises worldwide, but only recently has the focus shifted to investigating its financial flows
Judge Cassim Sardiwalla says there are no compelling private or public reasons for disclosure
The EFF pleaded public interest, but the Financial Intelligence Centre says releasing the records it provided would breach the law
Counsel for the Economic Freedom Fighters are seeking to force the disclosure of records showing who bankrolled the CR17 campaign
Its court application to force disclosure of donations to Cyril Ramaphosa may mask a bid to portray him as a capitalist puppet
In court papers, the Financial Intelligence Centre insists that it acted lawfully in providing the information it did to the Public Protector
Public Protector Busisiwe Mkhwebane has come under intense scrutiny following a series of controversial findings
Presidency spokesperson Khusela Diko confirmed to the Mail & Guardian that his notice of termination was served on Thursday
Tom Moyane was suspended from the tax agency on March 19 this year
This is according to the 2017 annual report from the Reserve Bank’s banking supervision department, which was released on Tuesday morning
The spotlight needs to be turned on lawyers’ professional ethics and the ‘taxi-cab rule’
Handing over a list of reported suspicious transactions by the Gupta family and its companies was a clerical and not an administrative action
The 2001 Act and other related Acts aim to combat money laundering and the financing of terrorism.
Not signing the Financial Intelligence Centre Amendment Bill can result in sanctions against banks and cross-border illicit flows will continue.
‘The Financial Intelligence Centre (FIC) provided reports on transactions mentioned in a certificate to Gordhan but not the actual transactions.’
The pursuit of criminal justice has to be carefully weighed up against citizens’ right to privacy.
The family’s lawyers said the finance minister’s court affidavit will be ‘dealt with in full’.
South Africa’s fight against money laundering and terrorism financing needs tough new laws to close regulatory loopholes and give authorities more power to crack down on crime. Murray Michell, the head of South Africa’s Financial Intelligence Centre, said draft laws would also help unclog an overburdened judicial system and streamline oversight.