money laundering Archives - Page 3 of 9

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Early 2023 commencement for balance of General Laws amendment act

06 Jan 2023, 11:07

The final part of the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act is due to commence in the early months of 2023. The General Laws (AML/CTF) bill proposed a sweeping range of integrated reforms to five pieces of legislation which regulated vastly different areas of concern – trusts; non-profit organisations; companies; and Read more >

OPINIONS

Ramaphosa must ensure political accountability to win corruption fight

14 Dec 2022, 14:12

By Moepeng Valencia Talane South Africa has a serious corruption problem, and everyone including the morally compromised ANC agrees, but what we’re not agreeing on is the extent to which the absence of a culture of political accountability will keep corruption in place without tangible solutions. That is, if nothing is done by those with Read more >

CORRUPTION NEWS

Impeachment of the president – what’s that all about?

08 Dec 2022, 16:12

By Kwazi Dlamini President Cyril Ramaphosa faces arguably the toughest political battle of his career to date, surrounded as he is by the fallout of the Phala Phala scandal. Opposition political parties and his adversaries within the African National Congress (ANC) are calling for him to resign – indeed, last Friday Ramaphosa was rumoured to Read more >

GOVERNANCE

Phala Phala noise far from over, as SA awaits Concourt decision

07 Dec 2022, 11:44

As South Africa waits to hear from the Constitutional Court (ConCourt) if it will accept President Cyril Ramaphosa’s judicial review application of the Section 89 panel report on Phala Phala – for which papers were filed on Monday – his political backers and opponents alike continue to exchange public statements to support their conflicting causes. Read more >

GOVERNANCE

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 >