Financial Intelligence Centre

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