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.

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
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 Moves on to the reporting of suspicious transactions, where the POCA provisions will be repealed by the new Financial Intelligence Centre Act (FICA); this covers general obligations, secrecy and confidentiality, penalties, preventing tipping-off, and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.
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, Henry Stewart Publications
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Document type: Journal Article
Collection: School of Law
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