Public reporting would curb illicit outflows from SA
Multinational companies that find loopholes in the legislation of Africa’s poorest countries are able to dodge paying tax by channelling their profits to tax havens or "reinventing" themselves...
View ArticleCourt sets aside decision to drop Zuma charges
In a biting judgment handed down today, the Pretoria High Court has found that the decision in 2009 to withdraw corruption charges against Jacob Zuma was irrational and should be reviewed and set...
View ArticleSA launches third OGP national action plan
Eighteen months after the G20 set up principles to address the problem of beneficial ownership, not much has happened globally. However, in its third Open Government Partnership national action plan,...
View ArticleMoney laundering and related crimes – info centre
Money laundering, illicit financial flows and opacity of beneficial ownership are hot topics these days. We've put together this handy page for information and guidance on addressing these specific...
View ArticleCorruption a major enabler of the illegal wildlife trade
Corruption plays a significant role in the perpetuation of the illegal wildlife trade. The corrupt get away with their dirty deeds because the commitment to tackling them remains largely on paper, says...
View ArticleFIC bill signed into law at last
On Saturday 29 April President Jacob Zuma signed the long-awaited Financial Intelligence Centre (FIC) bill into law. The amended FIC act is aimed at strengthening domestic regulations that deal with...
View ArticleFull FIC amendment act needed to catch the corrupt
The narrative of the state captured by President Jacob Zuma and his group of elites takes away from and does not acknowledge the participation and contribution of scores of people who work in...
View ArticleNew international centre to combat grand corruption
International agencies have joined forces to tackle grand corruption across borders. Earlier in July the International Anti-Corruption Coordination Centre opened its doors, with the aim of clamping...
View ArticleGlobal anti-money laundering in four charts
As of April 2017, the level of country compliance with the FATF 40 recommendations rests at just 25% across the 30 countries most recently assessed. While this is definitely an improvement since 2011,...
View ArticleHow does money laundering work?
There are numerous reasons for wanting to hide money. Perhaps you have a huge bribe to conceal, or you don’t want the tax authorities to hear about your sudden large windfall. Money laundering is the...
View ArticleCW board member to preside over Moyane disciplinary
Corruption Watch board member and retired Constitutional Court judge Kate O’Regan will preside over the disciplinary inquiry into former Sars commissioner Tom Motane's alleged misconduct and violation...
View ArticleSouth Africa fails to punish foreign bribery, TI report reveals
South Africa has failed to make significant progress on convictions of foreign bribery, the latest Transparency International report on Exporting Corruption reveals. While 15 formal foreign bribery...
View ArticleForeign bribery largely unchecked in SA, OECD obligations not fulfilled
South Africa has made some progress in its efforts against foreign bribery – but not enough, Transparency International’s Exporting Corruption 2018 report reveals. The report rates countries on their...
View ArticleNamibia removed from list of tax havens
On Tuesday 6 November the EU's Economic and Financial Affairs Council removed Namibia from its blacklist of non-co-operative tax havens, after the Southern African country committed itself to changing...
View ArticleGlobal clean-up of money laundering
Countries are advancing efforts to stop criminals from laundering their trillions, writes Rhoda Weeks-Brown of the International Monetary Fund. Under the leadership of the Financial Action Task Force,...
View ArticlePoor ‘golden visa’ due diligence a gift to the corrupt
Commonwealth Day was celebrated yesterday, but the global affiliation of countries has a problem, writes Daniel Gayne for Global Witness. The so-called Golden Visa programme, which originated in the...
View ArticlePassports for sale: the risks of golden visa programmes
Golden visa/passport programmes are problematic in several ways, writes Natalie Ritchie, including the fact that the investments by applicants have hardly had the boost on economies that is expected of...
View ArticleCombating trade-based money laundering
The international community can, and should be doing more to combat trade-based money laundering, writes Jason Kohn for the Global AntiCorruption Blog. With the significant increase in global trade in...
View ArticleZuma stay of prosecution application dismissed
Former president Jacob Zuma’s application for a permanent stay of prosecution in his corruption-related case was dismissed with costs, in a judgment handed down by the KwaZulu-Natal (KZN) High Court in...
View ArticleTI: time for FATF to review standards, guidance docs
A new report on beneficial ownership, released by Transparency International, recommends that the Financial Action Task Force review its standards and guidance documents, and provide more detailed...
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