Transparency International (TI) and the Anti-Corruption Data Collective have released a new report assessing property markets on their frameworks’ strength to prevent and detect dirty money in real estate. It should be noted, however, that the report examines just two specific metrics and because of the narrow scope of the research, may present a more positive Read more >
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CORRUPTION NEWS
Image: Wikimedia Commons Lawyers, real estate agents, bankers. These are some of the private sector players that have enabled Africa’s political elite to freely engage in alleged gross money laundering and illicit property dealings in the luxury property market in some of South Africa’s most sought-after locations. Their complicity, say civil society organisations, means that Read more >
CORRUPTION NEWS
Image: Zellman blog As money laundering becomes more talked about and better known, various related aspects are also moving into the spotlight. One of these is organised retail crime (ORC), possibly better known by the illegal action it defines, rather than by the term itself. The Washington Organized Retail Crime Association (WAORCA) defines it as Read more >
CORRUPTION NEWS
In October the Financial Action Task Force (FATF) released its mutual evaluation report on South Africa, following an assessment of the country’s anti-money laundering, counter financing of terrorism and counter financing of proliferation of weapons of mass destruction (AML/CFT/CPF) systems. The mutual evaluation was conducted by a team led by the International Monetary Fund and including officials from the Eastern and Southern Africa Anti-Money Laundering Group and FATF member countries. The team assessed compliance Read more >
CORRUPTION NEWS
Our new mini-series shines the spotlight on the current Financial Action Task Force (FATF) beneficial ownership review process. Part 1 presented the particular issues the organisation has recently sought input on, part 2 examined the five recommendations submitted by Transparency International as a response to the FATF invitation, part 3 looked at the FATF draft amendments in response to the call for Read more >
CORRUPTION NEWS
Our new mini-series shines the spotlight on the current Financial Action Task Force (FATF) beneficial ownership review process. Part 1 presented the particular issues the organisation has recently sought input on, part 2 examined the five recommendations submitted by Transparency International as a response to the FATF invitation, this article – part 3 – looks at the FATF response to the submissions Read more >
CORRUPTION NEWS
Our new mini-series shines the spotlight on the current Financial Action Task Force (FATF) beneficial ownership review process. Part 1 presents the particular issues the organisation has recently sought input on, this article – part 2 – examines the five recommendations submitted by Transparency International as a response to the FATF invitation, part 3 looks at the FATF proposed amendments, and part Read more >
CORRUPTION NEWS
Image: Flickr/GovernmentZA Corruption Watch (CW) and the Council for the Advancement of the South African Constitution (Casac) have joined, as amici curiae, Public Protector Busisiwe Mkhwebane’s application to have Parliament’s rules for the removal of the head of a Chapter 9 institution, declared unconstitutional. The two organisations are supporting the inquiry into Mkhwebane’s fitness to Read more >
CORRUPTION NEWS
The Directorate for Priority Crime Investigation (DPCI), known more familiarly as the Hawks, said on Sunday, 03 May 2020 that its National Clean Audit Task Team has nabbed another suspect who was involved in the Tshwane metro multimillion corruption scandal. The 44-year-old man was arrested in Durban and charged with alleged fraud, money-laundering, and corruption, Read more >