R3m fine and 10-year debarment for VBS-linked adviser
The former owner of Gundo Wealth Solutions has been fined R3 million and debarred for a decade for brokering investments into VBS Mutual Bank.
Corruption
Former TETA CEO sentenced to 7 years for role in Fidentia scandal
Court finds that Pieter Bothma accepted bribes to facilitate unauthorised investments, laundering millions for Fidentia’s directors.
Civil society frustrated by corruption-fighting information falling through the cracks
The Organisation Undoing Tax Abuse highlights the need for a centralised platform for sharing information to empower South Africa’s criminal justice system.
Head of Special Tribunal’s resignation impedes fight against corruption
Without an effective Special Tribunal, the Special Investigations Unit must approach the over-burdened High Courts to obtain asset forfeiture orders.
Scammers at work … from VAT fraud to fake invoices
Lieutenant General Godfrey Lebeya details the cases involving financial crimes investigated by the Hawks.
Occupational fraud: a global epidemic costing trillions
CS Forensics CEO Christo Snyman says implementing effective risk mitigation strategies can significantly prevent the escalation of employee fraud.
EXPLAINER: How did South Africa end up on the grey list?
What you should know about the Financial Action Task Force, its evaluation of South Africa, and how grey-listing works.
Combatting bribery – Learn how to be corruption free
The global fight against corruption has intensified significantly over the past 25 years. One need only look at the history of corruption to gain an understanding of the contagion we face and the measures […]
