4th April 2016
SOUTH AFRICA – The Panama Papers, which purport to show how world leaders and companies hid funds away in banks and shadow companies, have uncovered how a law firm abroad was used to protect people involved in one of South Africa’s biggest white collar fraud scandals. Read More
2nd March 2016
Johannesburg - As British bank Barclays yesterday announced plans to pull out of the African continent in the next three years due to regulatory hurdles, it emerged that it was rocked by legal problems, including being subject to an investigation into suspected money laundering at Absa Bank, its African unit. Read More
2nd March 2016
A search of a company’s offices and a director’s holiday home uncovered how employees from a competitor company used 10 computers to access their former employer’s systems over 3‚000 times over a six-month period‚ exfiltrating critical customer and other high-value data assets‚ says PriceWaterhouseCoopers (PwC). Read More
1st March 2016
The stark reality is that economic crime is at a pandemic level in South Africa and no sector or region is immune from it, Louis Strydom, forensic services leader for PwC Africa, said. Read More
1st March 2016
Barclays said it has identified potential money-laundering activities linked to currency transactions at its South African business, as the British lender plans to sell down its stake in the region’s operations. Read More
25th February 2016
The two Mozambicans who allegedly tried to smuggle more than R76 million in cash into South Africa are expected to appear in the Barberton Magistrate’s Court in Mpumalanga on Thursday. Read More
23rd February 2016
Port Elizabeth – Portia “Pankie” Sizani, wife of the African National Congress (ANC) chief whip in Parliament, was found not guilty on five of the 15 counts of money laundering against her in the Port Elizabeth Commercial Crimes court on Tuesday. Read More
8th February 2016
The Fair-Trade Independent Tobacco Association (FITA) yesterday accused big tobacco companies of tax evasion, rogue spies, bugging and surveillance, and money laundering among other “corrupt practices”. Read More
29th January 2016
Of the 18 644 registered religious organisations in the country, 10 718 have failed to comply and many are involved in money laundering. Read More