Financial Intelligence Centre has established a new division in light of the recent greylisting.
South Africa’s Financial Intelligence Centre established a forensic unit to help the government fight corruption and prosecute complex financial crimes, part of an effort to have the nation removed from a global watchdog’s dirty-money watchlist.
Having forensic capacity will help ensure that matters can be taken to court quicker, especially when it comes to dealing with major corruption and state capture-related crimes, he said. An extended stay on the list may damage investor sentiment toward South Africa, leading to capital and currency outflows.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New skills South Africans need to survive the future of workWorkers are having to upskill themselves to keep up with the times.
Read more »
Watch out for these South African boytjies in New Zealand woolThe moment 17-year-old Ethan Olivier landed his first big leap during the triple jump final at the SA championships in Potchefstroom this week, rival and older brother Welrè approached him.
Read more »
WATCH | New beginnings: Cape Town designer gives shelter mom new hope with makeover | News24A mother of four from Bonteheuwel in Cape Town, who lives in the Haven Night Shelter in the CBD, felt frustrated and stuck, but WAG Fashion stepped in to give her a makeover to help her feel more confident.
Read more »
This property trend is heating up among rich South AfricansWealthy South Africans are adopting a new style of living.
Read more »
Financial regulator concerned about allegations made against some banks - SABC NewsFinancial regulator Prudential Authority, extremely concerned about allegations that StandardBank, Absa and Sasfin helped gold smuggling gangs. GoldMafia Banks SouthAfrican
Read more »