Why does South Africa not have a Magnitsky Act?

The Magnitsky Act is an important piece of legislation in the global fight against money laundering and corruption across borders. It was enacted in the US in 2012, after the death in Russian police custody of lawyer and auditor Sergei Magnitsky, who worked with political activist Bill Browder in an investigation into the raid on Read more >

It’s time to make restitution for Fishrot, says IPPR

Image: BORGEN Magazine It’s been a decade since Samherji’s former operations director Jóhannes Stefánsson quit his job at the Namibian division of the Icelandic fishing company, to expose what is now known as the Fishrot corruption scandal. Stefánsson, who admits that he was part of the mismanagement until his conscience got the better of him, Read more >

Beneficial ownership and climate crimes: A fishy business

By Matti KohonenFirst published on Tax Justice Network In this blog we explore how climate justice and tax justice advocates can unite and demand beneficial ownership transparency for sectors prone to climate crimes.  As the Tax Justice Network has previously noted, the climate crisis and financial secrecy are closely connected. Immense pressure and a set Read more >

Phala Phala findings ‘raise more questions than answers’ – CSOs

Image: Ziphozonke Lushaba, TimesLive By Khanyisile NgcoboFirst published on TImesLive Civil society organisations say “something doesn’t add up” in the South African Reserve Bank’s (SARB) findings on the Phala Phala matter and it “raises more questions than answers”. The Reserve Bank on Monday released its findings from a report into the matter after allegations by Read more >

TI Africa: fighting for transparency, integrity, engagement, and accountability 

“You and your … colleagues have taken the lead in the enhancement of transparency relating to beneficial ownership, protections for whistle-blowers, and improved asset recovery mechanisms,” former Constitutional Court justice Richard Goldstone on Wednesday told representatives of Transparency International (TI) chapters from across Africa. Goldstone was delivering the keynote address at TI’s regional meeting for Read more >

Enablers galore: the countries that contribute to illicit financial crimes

By Janine Erasmus – CW Voices In part one of our latest mini-series, we posed the question: who are the real corrupt countries in today’s globalised context? We considered factors such as beneficial ownership transparency, the implementation of the African Union Anti-Corruption Convention, and pan-African collaboration in anti-corruption research. The usual suspects such as Nigeria Read more >