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 >
CORRUPTION NEWS
By UN Development ProgrammeFirst published on Medium for UNDP Corruption is one of the scourges of modern life. Its costs are staggering. Tax abuse by multinational corporations and rich people costs about US$483-billion — enough to fully vaccinate the world against Covid-19 more than three times over.Of the approximately US$13-trillion that governments spend on public Read more >
CORRUPTION NEWS
Corruption Watch’s Procurement Watch (PW) tool is an invaluable resource for detailed monitoring of public procurement. By aggregating procurement data from reports submitted to National Treasury (NT) by all procuring organs of state, PW allows organisations and individuals to more easily pick up red flags relating to deviations and contract extensions in the public procurement sphere. Launched in October 2021, Read more >
CORRUPTION NEWS
Today, 9 December, the world marks International Anti-Corruption Day (IACD). This year’s theme is UNCAC at 20: Uniting the World Against Corruption, and it also marks the beginning of the lead-up to the 20th anniversary of the UN Convention Against Corruption. Corruption is intertwined in most of the challenges that today’s world faces – challenges Read more >
CORRUPTION NEWS
Whistle-blowers are central to our work as an anti-corruption organisation. We cannot hope to succeed in eradicating corruption without acknowledging the role and plight of whistle-blowers who are brave enough to expose it, and working towards improving the environment and advocating for changes that ensure their protection, at all costs. One of the ways in which Read more >
CORRUPTION NEWS
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 >
PRESS RELEASES
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 >
CORRUPTION NEWS
By Schalk BurgerFirst published on Mining Weekly Establishing a beneficial ownership registry in South Africa will help to improve financial transparency, the transparency of value chains and provide information for companies and the public about companies and who owns and controls them. These were some of the benefits highlighted in two new reports, commissioned by Read more >
PUBLICATIONS
On Tuesday 22 November 2022 Corruption Watch (CW) launched not one, but two new reports, both relating to beneficial ownership transparency (BOT) in South Africa’s extractives sector. The organisation also hosted a webinar with guest speakers Michael Barron and Tim Law, experts in the fields of beneficial ownership and implementation of the Extractives Industries Transparency Read more >