Entries by Corruption Watch

FIC helps with recovery of over R5-billion in criminal proceeds

21st October 2022 in , /by

South Africa’s Financial Intelligence Centre, in its latest annual report, said it had contributed to the recovery of over R5-billion in criminal proceeds – compared to last year’s R3.3-billion. The organisation attributes its success to partnerships and collaboration, use of technology, and an increase in the use of its intelligence reports – among other reasons.

Deliberate delay on NSF forensic investigation report?

19th October 2022 in , /by

The parliamentary Standing Committee on Public Accounts is highly displeased that higher education minister Blade Nzimande has seemingly dragged his heels on handing over the report of a forensic investigation ordered into the operations of the National Skills Fund. Furthermore, the committee dismissed Nzimande’s request that the report remain confidential, saying it was not in the interests of transparency.

CW and AmaB submit on anti-money laundering bill, express concerns

11th October 2022 in , , , /by

In a comprehensive joint submission to Parliament’s Standing Committee on Finance today, non-profit organisations Corruption Watch and AmaBhungane presented their analysis of the gaps in the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, which was developed in haste after the Financial Action Task Force found several weaknesses in the current framework. The two organisation also expressed disappointment at the short time frames allowed for public participation.