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CORRUPTION NEWS

Cabinet approves bill to boost fight against money laundering

Source: National Treasury Finance minister Enoch Godongwana has tabled the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill [B18-2022] in Parliament, in terms of Joint Rule 159. The Announcements, Tablings and Committee report no 125-2022, issued by Parliament on 25 August 2022, has confirmed that the Bill has been submitted to the Standing Committee on Finance and Read more >

CORRUPTION NEWS

Global private sector concerned about bribery, corruption and tax evasion

A survey of the private sector conducted by the UN’s high-level panel on financial accountability, transparency and integrity (FACTI), reveals that more than 90% of respondents would welcome stronger financial accountability, transparency and integrity regulattions when all businesses are held to the same standards. The survey was conducted anonymously online from 12 to 31 August, Read more >

OPINIONS

Corruption hampers growth and development in Africa

By Pregala Pillay and Chris JonesSource: Stellenbosch University African Anti-Corruption Day, commemorated annually on 11 July, wants to give prominence to the anti-corruption fight on the continent, marking an important step towards the Africa we want. It would not be farfetched to assume that we all want a prosperous Africa, based on inclusive growth and Read more >

OPINIONS

Corruption doesn’t have a colour

By Adjoa Adjei-TwumFirst published on Modern Ghana Africa has always been perceived by western nations as a corrupt continent, with almost all the international organisations and rating agencies rating the continent as high risk. But the truth is that corruption has always existed in different forms and is not determined by politics or geography. It Read more >

CORRUPTION NEWS

Combating trade-based money laundering

By Jason Kohn First published on the Global AntiCorruption Blog Global trade has quadrupled in the last 25 years, and with this growth has come the increased risk of trade-based money laundering. Criminals often use the legitimate flow of goods across borders—and the accompanying movement of funds—to relocate value from one jurisdiction to another without Read more >