money laundering Archives - Page 5 of 10

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Corruption as an enabler of wildlife, forest and fisheries crime: part 5

06 Oct 2021, 11:00

With so many lucrative avenues for criminals to choose from nowadays, the fact that international wildlife crime (IWT) and the smuggling of wildlife products continues to increase is a measure of the vast sums of money to be made from this illegal practice. According to the UN Office on Drugs and Crime (UNODC), for example, which it spelled out in its 2020 World Wildlife Crime Report, “the Read more >

CORRUPTION NEWS

Corruption as an enabler of wildlife, forest and fisheries crime: part 4

06 Aug 2021, 12:43

Image: Wilson Lau, TRAFFIC A humble marine mollusc, Haliotis midae, has been the inadvertent cause of one of South Africa’s biggest poaching/smuggling challenges. The largest abalone in South Africa, it is known locally as perlemoen, from the Dutch meaning ‘mother of pearl’. Occurring naturally along the South African coastline, perlemoen is nothing more than a Read more >

CORRUPTION NEWS

Corruption as an enabler of wildlife, forest and fisheries crime: part 3

27 Jul 2021, 15:26

A new study titled Convergence of wildlife crime with other forms of organised crime, released in May 2021 by the Wildlife Justice Commission (WJC), sheds light on this phenomenon of crime convergence, which has been noticed more and more over the last two decades. The report shows that criminal networks are dealing in wildlife Read more >

CORRUPTION NEWS

IFF tracker identifies SA’s main vulnerability as outward foreign investment

15 Jun 2021, 8:35

Image: Michael Kuhlmann for UNCTAD Over one trillion dollars. That’s the amount of money that Africa is estimated to have lost in illicit financial flows (IFFs) over the past 50 years (Kar and Cartwright-Smith, 2010; Africa Growth Initiative, 2020). The current estimate is an annual amount of around $50-billion, and possibly more – a significant Read more >

CORRUPTION NEWS

Algorithms and artificial intelligence as an anti-corruption tool

23 Mar 2021, 15:10

By Janine Erasmus Fifty years ago the concept might have been taken from a science fiction plot. Now it’s one of the new technologies that become more sophisticated as time passes. Using artificial intelligence (AI) and algorithms to track down suspicious activity is a reality – but can we trust them to reveal illicit financial Read more >

CORRUPTION NEWS

Mauritius and others under scrutiny for money-laundering

20 Aug 2020, 17:05

Mauritius, that lazy, friendly little island in the Indian Ocean, beloved of holidaymakers and honeymooners, has a dark side. It is also a favourite haunt of money launderers and tax evaders and in fact, is known as one of the world’s top corporate tax havens. In July 2019, the International Consortium of Investigative Journalists’ (ICIJ) Read more >

OPINIONS

Africa can clamp down on illicit flows by using AUCPCC effectively

10 Jul 2020, 17:25

By Sabeehah Motala Illicit financial flows (IFFs) are costing Africa $30-billion to $40-billion per year and have eroded African countries’ tax bases, hampering their abilities to respond effectively to Covid-19 emergency needs. Lockdown, states of emergency, and all the accompanying implications mean that developing states are more vulnerable than ever to the possibility of illicit Read more >

CORRUPTION NEWS

What is a tax haven? Offshore finance, explained

08 Jul 2020, 9:44

In May 2020 Mauritius, curiously one of the African countries that perform well on the annual Corruption Perceptions Index, was listed by the European Commission (EC) as a high-risk country for money laundering and funding of terrorism. It was joined on the revised EC list by Botswana, Ghana, and Zimbabwe, among others. The former is Read more >

CORRUPTION NEWS

Zuma’s day in court finally rolls around

23 Jun 2020, 11:28

Now that the inevitable can’t be put off any longer, former president Jacob Zuma is making a show of impatience for the start of his corruption trial. Zuma has been ducking and diving accountability for years in what has been referred to as a classic Stalingrad defence, but now that his options have run out, Read more >