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Money laundering trends in South Africa

de Koker, Louis 2002, Money laundering trends in South Africa, Journal of money laundering control, vol. 6, no. 1, pp. 27-41.

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Title Money laundering trends in South Africa
Author(s) de Koker, Louis
Journal name Journal of money laundering control
Volume number 6
Issue number 1
Start page 27
End page 41
Total pages 14
Publisher Emerald
Place of publication London, England
Publication date 2002
ISSN 1368-5201
1758-7808
Keyword(s) money laundering
Republic of South Africa
Summary Reports a study by the Centre for the Study of Economic Crime at Rand Afrikaans University into the characteristics of money laundering schemes in South Africa; these were discussed at a workshop on December 5 2001. Outlines the 1998 Proceeds of Crime Act (POCA), the 1992 Drugs and Drug Trafficking Act and their general money laundering provisions, including negligence and intent, defence and penalties; also the racketeering provisions of POCA. Moves on to the reporting of suspicious transactions, where the POCA provisions will be repealed by the new Financial Intelligence Centre Act (FICA); this covers general obligations, secrecy and confidentiality, penalties, preventing tipping-off, and reporting statistics. Gives examples of the schemes themselves, which fall into broad themes: purchase of goods and properties, abuse of businesses and financial institutions, cash and currency, and the informal sector; case studies include S v Dustigar, Motsepe v Commissioner of Inland Revenue, S v Van Zyl, S v Caswell, and Director of Public Prosecutions: Cape of Good Hope v Bathgate.
Notes Reproduced with the kind permission of the copyright owner.
Language eng
Field of Research 180119 Law and Society
Socio Economic Objective 940499 Justice and the Law not elsewhere classified
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2002, Emerald
Persistent URL http://hdl.handle.net/10536/DRO/DU:30016827

Document type: Journal Article
Collections: School of Law
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.