illicit financial flows

Cosatu Applauds SA’s Progress on FATF Grey List Removal

In South Africa, Cosatu has commended the government’s progress towards removing the country from the Financial Action Task Force grey list. South Africa was grey listed in February 2023, for not complying with international standards that relate to money laundering and addressing illicit financial flows. National Treasury has addressed 20 out of the 22 action items outlined in its action plan. Cosatu’s spokesperson, Matthew Parks, says the government must ensure […]

26 February, 2025 27

Africa

Africa on the UN security council: why the continent should have two permanent seats

By Sithembile Mbete, University of Pretoria Africa’s desire to be fully represented in all decision-making organs of the United Nations (UN), particularly in the security council, is informed by three factors. First, repairing the historical injustice of its underrepresentation in global governance. Second, recognising African contributions in shaping the contemporary world order. Third, the urgency of securing the legitimacy of the UN in the face of emerging threats […]

19 August, 2024 22

Africa

Illegal gold mining in the firing line

By Bonface Orucho, bird story agency Countries across the continent are moving to quash illegal gold mining, using a variety of methods including formalising the sector, applying more stringent legal processes and even resorting to military intervention, with a Ghanaian court recently sentencing a Chinese national to prison for illegal gold mining, “The court in the capital, Accra, sentenced Aisha Huang to four and a half years imprisonment and a […]

13 December, 2023 29