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South Africa: Money Laundering — The Duty to Report under the Law

Journal of Financial Crime

ISSN: 1359-0790

Publication date: 1 April 2000

Abstract

Money laundering in South Africa received legislative attention as recently as 1992. The advances in technology and particularly electronic funds transfers brought a dramatic increase in organised crime. Furthermore, with its return to the international arena, South Africa was becoming increasingly attractive for drug traffickers, not only as a transit destination but also as an end destination. This paper gives a historical overview of the legislation dealing with money laundering, focusing particularly on the duty to report.

Citation

Itzikowitz, A. (2000), "South Africa: Money Laundering — The Duty to Report under the Law", Journal of Financial Crime, Vol. 8 No. 2, pp. 186-190. https://doi.org/10.1108/eb025984

Publisher

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MCB UP Ltd

Copyright © 2000, MCB UP Limited