Featured South Africa

UAE Central Bank in talks with Pakistan counterpart to assess breach of money laundering laws

The Central Bank of the UAE is in consultations with its counterpart in Islamabad and will sanction a Pakistani lender operating in the emirates if it deems the bank has breached its anti-money laundering (AML) laws. The central bank has “zero tolerance for non-compliance with AML regulations,” and expects “high… Read More

South African court clears Ramaphosa of misleading parliament, money-laundering alleged by graft watchdog

South Africa’s High Court on Tuesday cleared President Cyril Ramaphosa of lying to parliament about the source of donations to his 2017 campaign to lead the ruling party, setting aside a potentially damaging report by a powerful anti-graft watchdog. The high court judges described the watchdog’s approach as based on… Read More

Crooked Banker Tapped Professionals to Manage Web of Dirty Money

Jahangir Hajiyev was running out of money. That was the urgent subject before the board of a company based in the tax haven of Guernsey in September 2015. For years, Hajiyev, then chairman of the International Bank of Azerbaijan, had used a chain of trusts and shell companies stretching… Read More
4th March 2020
By Zdravko Ljubas OCCRP — The South African real estate regulator is launching a probe into allegations that an agency violated financial regulatory laws when it sold properties worth US$3.2 million to the family of a former Mozambican president. South Africa’s Estate Agency Affairs Board (EAAB) said on Sunday that… Read More
5th February 2020
AP — A judge in South Africa issued an arrest warrant Tuesday for former president Jacob Zuma for failing to appear in court on a corruption case that he has sought to avoid for months — now by asserting that he is ill. The National Prosecuting Authority requested the warrant,… Read More
24th December 2019
South African police arrested two former senior managers at the state electricity company and two other suspects over allegations of fraud, corruption and money laundering at the Kusile power plant. Abram Masango, the former head of group capital at Eskom Holdings SOC Ltd. and France Hlakudi, a former senior manager… Read More
23rd December 2019
The SA Reserve Bank has imposed administrative sanctions on five banks and directed them to take remedial actions after it found weaknesses in each of the banks’ money laundering control measures following routine inspections conducted in terms of the Financial Intelligence Centre (FIC) Act. The Reserve Bank said in a… Read More
13th December 2019
Botswana’s former president Ian Khama has hit back against corruption allegations, vowing to sue a lead investigator for defamation after he accused the ex-leader of syphoning-off billions in state funds. After a decade in power, Khama, 66, dramatically resigned from the Botswana Democratic Party (BDP) in May – which has… Read More
18th November 2019
British lawmaker Peter Hain will tell an inquiry on Monday that corruption under South Africa’s former president Jacob Zuma was enabled by international banks, corporations and governments which should now seek to recover the loot they helped launder. Hain’s submission on Monday to the Judicial Commission of Inquiry into State… Read More
11th October 2019
The United States on Thursday sanctioned the three Gupta brothers at the center of the South African corruption scandal that contributed to the downfall of former President Jacob Zuma, saying they had misappropriated state assets. The U.S. decision to impose financial restrictions on the brothers is a public relations victory… Read More
8th October 2019
Ex-South African president Jacob Zuma’s son Duduzane denied wrongdoing at a graft inquiry on Monday, dismissing testimony of two witnesses who placed him in the room when friends of his father are alleged to have offered large bribes. Duduzane Zuma is a key witness at the so-called “state capture” inquiry… Read More
19th September 2019
Members of South Africa’s controversial Gupta family have long been implicated in a series of corrupt political connections and illegal deals that have earned them millions, often in government funds. The influence of the family, now reportedly in exile in Dubai, is so all-pervasive that the affair is widely known… Read More
12th August 2019
Mozambique charged 20 people, including the son of former President Armando Guebuza, over a fraud scam in which state-owned companies contracted $2 billion in debt for dubious projects. Legal action may follow against former finance minister Manuel Chang, who Mozambican authorities as well as the U.S Justice Department want… Read More