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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

money laundering

14 Results / Page 1 of 2

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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 41

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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 51

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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 36

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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 61

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 22

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South Africa

South Africa’s former National Assembly speaker faces 12 counts of fraud and corruption

The Pretoria Magistrate's Court granted former Speaker Nosiviwe Mapisa-Nqakula bail of 50 thousand rand. The case has been postponed to 4 June and a second accused will then be added to the case. The New York Times reports that Mapisa-Nqakula, 67, was charged in court on Thursday with 12 counts of corruption and one count of money laundering. She was accused of soliciting about 4.5 million rand in bribes and […]

today4 April, 2024 16

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Africa

Africa begins licensing crypto as verified transactions hit US $117 billion

    By Conrad Onyango, bird story agency   Regulators in Africa are taking steps to bring crypto entities under official oversight as treasuries seek to blunt fiscal risks amid a surge in demand for digital assets. Authorities in South Africa and Nigeria, the continent's most 'crypto-ready' countries, are leading the continent's efforts to place crypto dealers under a licensing regime to protect consumers against money laundering and terrorism-related risks. […]

today2 April, 2024 22