In June this year we reported that South Africa was likely to be removed from the Financial Action Task Force’s (FATF) grey list after that organisation’s next plenary, which took place from 22-24 October. This has now happened, with the FATF announcing that it welcomed “South Africa’s significant progress in improving its AML/CFT regime”. The Read more >
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CORRUPTION NEWS
Public procurement – the process by which the government contracts for the provision of goods, services, and infrastructure – presents one of the biggest corruption risks in modern society. Opportunistic officials find creative ways to include bribery, fraud, collusion, nepotism, bid-rigging, and other corrupt practices as part of the deal, which becomes a lucrative enterprise Read more >
CORRUPTION NEWS
In February this year we reported that South Africa had addressed all but two of the action items highlighted as regulatory weaknesses by the Financial Action Task Force (FATF), after a mutual evaluation review in 2021. This resulted in the country’s unwelcome debut on the FATF grey list in February 2023. The FATF is the Read more >
CORRUPTION NEWS
Towards the end of February, the Companies and Intellectual Property Commission (CIPC) met with the Portfolio Committee on Trade, Industry, and Competition to brief members on the status of its implementation of the Zondo commission recommendations pertaining to it, as well as progress on its actions to lift South Africa’s grey-listing. The CIPC’s role in Read more >
CORRUPTION NEWS
Last week we reported on steps taken by South Africa to enable its removal from the Financial Action Task Force (FATF) grey list, to which the country was added in February 2023. The FATF is the international standard-setting body that oversees global compliance with anti-money laundering (AML) and counter financing of terrorism (CFT) rules. Its Read more >
CORRUPTION NEWS
South Africa hopes to move off the Financial Action Task Force (FATF) grey list this year. The country was grey-listed in February 2023, and has been working since then to resolve the eight strategic deficiencies, relating to combating money laundering and terrorist financing, that were identified in the FATF 2021 mutual evaluation review. The FATF is the Read more >
CORRUPTION NEWS
The process of managing the debarment of errant suppliers by government is hardly rocket science, and should be covered swiftly if the relevant technology is embraced and incorporated. A more collaborative effort will make it more efficient. This is the view of Prof Geo Quinot, a procurement law expert at Stellenbosch University, who has once Read more >
PUBLICATIONS
Corruption Watch (CW), partnering again with procurement law expert Prof Geo Quinot of Stellenbosch University, today released the 2024 Procurement Watch Report on Procurement Risk Trends. This is the fourth in CW’s series on procurement risk trends, and presents an analysis of selected forms of procurement data between 2016 and 2024. Previous reports were published in Read more >
CORRUPTION NEWS
Another victory for the Special Investigating Unit (SIU), handed down by its Special Tribunal. It involves a R257-million contract for personal protective equipment (PPE) entered into by the Gauteng Department of Health (GDoH) and a company called Nkhane Projects and Supply during the Covid-19 pandemic that rocked the country four years ago. The tribunal has Read more >