Global crime index reveals ‘significant expansion’ of financial crimes
South Africa has the seventh-highest criminality score in the world and the third-highest in Africa, according to the Global Organized Crime Index.
Financial Crime
‘Unparalleled’ co-operation is needed to exit FATF grey-list
The Commissioner of the FSCA shares his thoughts on South Africa’s battle against money laundering and the road to regaining international trust.
Treasury gives the FIC a R265m boost to fight financial crime
The Centre has launched a new forensic unit to assist law enforcement combat complex money-laundering cases.
FIC provides case studies, red flags to help you detect money laundering
Any business that fails to report ‘suspicious and unusual transactions’ faces harsh penalties.
Motor dealers – Make sure you know where your client’s money is coming from
“The motor vehicle dealers’ sector is a lure for criminals to hide their illicit proceeds, which poses a serious threat to South Africa’s financial system. Criminals can potentially launder large amounts of money […]
