money laundering Archives - Page 3 of 9

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CW calls for full accountability in Phala Phala matter

02 Dec 2022, 12:17

The outcome of the Section 89 independent panel’s report released on Wednesday, is that President Cyril Ramaphosa has a case to answer when it comes to alleged contraventions of not only the Constitution, but also the Prevention and Combating of Corrupt Activities Act 2004 (Precca) in relation to the Phala Phala matter. The findings of Read more >

STATE CAPTURE

Phala Phala: what happens after the release of the Section 89 report?

01 Dec 2022, 15:01

Will President Cyril Ramaphosa step down in the wake of the findings of the Section 89 panel report that concluded on Wednesday that he may have violated the Constitution and committed serious misconduct in relation to Phala Phala? Ramaphosa’s office in government – through Minister in the Presidency Mondli Gungubele – maintains that he is Read more >

CORRUPTION NEWS

SA pioneers wildlife conservation bond to support black rhino, communities

02 Nov 2022, 15:58

Image: Wikipedia, used under a CC BY-SA 2.0 license Swiss banks are not generally known for charitable endeavours, but have a reputation – some might say a well-deserved one – for being secretive. In fact, the country consistently appears in the top 10 of the Financial Secrecy Index, a ranking of jurisdictions that fuel financial Read more >

CORRUPTION NEWS

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

21 Oct 2022, 12:25

In its 2021/2022 annual report, released at the end of September 2022, the Financial Intelligence Centre (FIC) noted that it achieved 17 of its 19 performance goals – and exceeded 10 of the 17. One of these was to contribute to the recovery of stolen money in a way that exceeded its previous achievement. This Read more >

CORRUPTION NEWS

South Africa must prepare for FATF greylisting, says BLSA report

19 Oct 2022, 17:06

By David ThomasFirst published on African Business The probability of South Africa being greylisted by the Financial Action Task Force (FATF) is as high as 85%, according to a report commissioned by Business Leadership South Africa (BLSA) and compiled by analysts Intellidex. The FATF, an intergovernmental organisation founded to develop policies to combat money laundering Read more >

CORRUPTION NEWS

Mosebenzi Zwane, two others arrested as NPA keeps Guptas in sight

29 Sep 2022, 9:47

Source: Legalbrief The National Prosecuting Authority is injecting new life into its Estina Dairy Project investigation with yesterday’s arrest of former mineral resources minister Mosebenzi Zwane, Sahara employee Ugeshni Govender and a former director of Islandsite, Ronica Ragavan, as it attempts to extradite Atul and Rajesh Gupta on the same matter, while targeting other associates linked to the fugitive family, notes Legalbrief. Read more >

RAISING AWARENESS

Interpol highlights role of money mules in the crime cycle

27 Sep 2022, 11:00

Image: Interpol International police organisation Interpol’s Financial Crime and Anti-Corruption Centre recently ran a global awareness campaign which highlighted the extensive use of money mules in facilitating the laundering and movement of criminal proceeds. A mule or courier is a person who smuggles contraband to another area or across a border for a criminal organisation Read more >

RAISING AWARENESS

Glossary of corruption-related terms

19 Aug 2022, 14:33

Glossary of corruption-related terms Do you know your baksheesh from your bribery? Your cronyism from your collusion? Read our evolving glossary of terms relating to corruption to find out what they all mean. Sources:U4 Anti-Corruption Resource CentreTransparency International A A LOOTA CONTINUA ABUSE OF POWER / OFFICE / RESOURCES / FUNCTION ACCESS TO INFORMATION ACCOUNTABILITY Read more >

CORRUPTION NEWS

The day Russian money didn’t freeze – despite international sanctions

07 Mar 2022, 16:08

By Ilya ShumanovFirst published on The Wilson Center Russia’s recognising the self-declared Donetsk People’s Republic and Luhansk People’s Republic, followed by the Russian invasion of Ukraine, became a formal pretext for the collective West to impose restrictions on Russia in support of Ukraine’s territorial integrity. The negative consequences of such a scenario had been discussed Read more >