SA a money-laundering magnet.

Position:Business Briefs - South Africa - Brief Article
 
FREE EXCERPT

Hundreds of billions of rands from white-collar crime have been laundered through South Africa's financial system, but no convictions have yet been made, according to financial services giant, Deloitte & Touche in Durban, South Africa.

The company's forensic services manager, Rupert Haw, says the global trend suggests that crime bosses earn their income in developing countries but invest it in more secure and sophisticated financial systems in developed countries.

"South Africa has world-class money laundering...

To continue reading

REQUEST YOUR TRIAL