Companies agree to forfeit £29m linked to ML

A Cyprus-based company and a South African law firm have agreed to give up nearly £29 million that was allegedly linked to ML in the UK’s biggest ever forfeiture case. Prosecutors working with the City of London Police said they had reached an...

ESAAMLG Evaluation Report South Africa on 2021

Public sector corruption represents a major weakness in the AML/CFT system, with the key LEAs being the most impacted over the past decade. The RBA and many key preventive requirements were introduced in the legal framework only recently…