insert_link Business / Economics Namibia ranks fifth in Africa for low financial-crime risk Namibia has strengthened its position in the global fight against money laundering, according to the 2025 Basel Anti-Money Laundering (AML) Index. The country’s score improved from 4.89 in 2024 to 4.78 in 2025, placing it fifth among African nations in terms of low exposure to financial crime risk. The Financial Intelligence Centre (FIC) said the improvement reflects stronger national systems, enhanced enforcement, and closer coordination among regulators, law enforcement, and […] today15 December, 2025
insert_link Africa Botswana’s settles case with Bridgette Motsepe Botswana’s government and businesswoman Bridgette Motsepe have reached a High Court–backed settlement to resolve the long-running “Butterfly” case. The agreement includes a formal apology from the state and the withdrawal of previously filed fraud, corruption, and money-laundering claims. The settlement, mediated through a court consent order, follows an investigation by Cherie Blair’s Omnia Strategy law firm, which found no evidence supporting the allegations. According to Daily Maverick, as part […] today1 July, 2025
insert_link South Africa Former Transnet executives granted bail Photo: Daily Maverick Four former Transnet executives have each been granted bail of R50,000 by the Palm Ridge Specialised Commercial Crimes Court in Gauteng. They face serious charges that include corruption, fraud, and money laundering in connection with a R93 million locomotive tender from 2015, part of a broader R54 billion deal tainted by ties to the Gupta family network. The accused are former Transnet CEOs Brian Molefe and Siyabonga Gama, former […] today1 July, 2025
insert_link South Africa 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 […] today26 February, 2025
insert_link South Africa In S.A, Western Cape Court dismisses charges against alleged underworld leader Nafiz Modack In S.A, the Western Cape High Court has dismissed eight out of 124 charges against alleged underworld leader Nafiz Modack and his 14 co-accused. Judge Robert Henney ruled that the trial for the murder of top police investigator Charl Kinnear and the attempted murder of lawyer William Booth continue. The National Prosecuting Authority's Western Cape spokesperson, Eric Ntabazalila, says they are accused of murder, gang activities, and money laundering. today28 January, 2025
insert_link Business / Economics South Africa nears compliance with the Financial Action Task Force’s financial crime requirements South Africa is close to meeting the Financial Action Task Force's requirements to combat financial crimes like money laundering and terrorism financing. In his first medium-term budget policy statement for the seventh administration, Finance minister Enoch Godongwana said only six items remain to be addressed by February next year, with 16 of the 22 requirements already fully or mostly completed: today31 October, 2024
insert_link South Africa Hawks confirm more arrests are expected in a four-billion-rand diamond investment scheme In S.A, the Hawks has confirmed that more arrests are expected in a four-billion-rand diamond investment scheme. Nine suspects, including diamond dealer Louis Liebenberg and his wife, Dezzi, have been arrested. They will appear in the Bronkhorstspruit Magistrate’s Court today, facing fraud, theft, money laundering, and racketeering charges. Hawks spokesperson Philani Nkwalase told Newzroom Afrika that investors were defrauded since 2019: today24 October, 2024
insert_link Business / Economics Financial Intelligence Centre launches 2023/24 annual report The Financial Intelligence Centre which is mandated with combating money laundering, financing of terrorism, and proliferation launched the 2023/24 annual report in the capital on Wednesday. Speaking at the launch, FIC board chairperson, Charmaine van der Westhuizen says the FIC’s role is indispensable. The Financial Intelligence Centre achieved an unqualified audit opinion, with reserves increasing by 128% to N$44.3 million from N$19.3 million in the previous financial year. Total […] today26 June, 2024
World India’s lawmakers take oath without duo behind bars India's newly elected lawmakers took the oath of office Tuesday, but without two vocal government critics unable to take their seats because they are jailed on national security charges. One is the Sikh separatist Amritpal Singh, a firebrand preacher arrested last year after a month-long police manhunt in Punjab state. The other is Sheikh Abdul Rashid, a former state legislator in Indian-administered Kashmir, known popularly as […] today25 June, 2024
