In its 2021/2022 annual report, released at the end of September 2022, the Financial Intelligence Centre (FIC) noted that it achieved 17 of its 19 performance goals – and exceeded 10 of the 17. One of these was to contribute to the recovery of stolen money in a way that exceeded its previous achievement. This Read more >
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LEGISLATION AND SUBMISSIONS
In a comprehensive joint submission to Parliament’s Standing Committee on Finance today, non-profit organisations Corruption Watch and AmaBhungane expressed concern that the haste with which the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill was developed may have compromised its effectiveness. The bill was prepared in a matter of months after the Financial Read more >
CORRUPTION NEWS
Gathering a diverse group of people in one room to talk about a common cause is a good first step, no matter the cause. The next step is acting on the points raised and the discussions held – not quite as easy or simple. This is the task before the organisers and attendees of last Read more >
CORRUPTION NEWS
Corruption Watch, together with the Department of Public Service and Administration (DPSA), the Financial Intelligence Centre, the Open Government Partnership, and Open Ownership, co-hosted a conference on taking steps towards achieving beneficial ownership transparency. Titled Collective action for beneficial ownership transparency (BOT) in South Africa: From commitment to implementation, the two-day event, on 16 and Read more >
PRESS RELEASES
Members of the media are invited to a two-day conference on beneficial ownership transparency (BOT) in South Africa, taking place in Cape Town on 16 -17 May 2022. The event is hosted by the Department of Public Service and Administration, the Financial Intelligence Centre, Open Government Partnership, Corruption Watch, and Open Ownership. The subject of Read more >
CORRUPTION NEWS
Presidency was a no-show for a hearing of the parliamentary standing committee on public accounts (Scopa) on Tuesday, that was meant to receive feedback on the progress of high-profile corruption reports overseen by the country’s law enforcement agencies. This despite having been furnished with Special Investigating Unit (SIU) reports – among them the recently completed Read more >
CORRUPTION NEWS
In mid-November the inter-ministerial Anti-Corruption Task Team (ACTT) briefed Parliament on progress in corruption cases involving a number of government departments and entities. Present were Lieutenant-General Godfrey Lebeya and advocates Shamila Batohi, Andy Mothibi, and Xolisile Khanyile – the heads of the Hawks, National Prosecuting Authority, Special Investigating Unit (SIU), and Financial Intelligence Centre (FIC) Read more >
CORRUPTION NEWS
By Thato Mahlangu The South African Revenue Service (Sars) has been working hard to make sure that disobedient citizens are made to account for failure to comply with the law. Sars, through a statement, said on 28 February 2020 it had won a 10-year battle court against a “non-compliant taxpayer” after the constitutional court dismissed Read more >
CORRUPTION NEWS
By Ray Mahlaka First published by Daily Maverick The Estate Agency Affairs Board has always been considered a bit toothless. So the sanctions Pam Golding Properties could face if found guilty of aiding money-laundering transactions are probably lightweight. But the Financial Intelligence Centre (FIC) might also get involved, and the penalties may be more severe. Read more >
