Money laundering threat addressed

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  • South Africa

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Publish date 12 July 2019
Issue Number 669
Diary Legalbrief Forensic
Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) secretary Eliawony Kisanga believes the best way to curb money launderers and groups which finance terror networks is to disrupt their ability to raise, move and access money. Addressing a conference on ...

Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) secretary Eliawony Kisanga believes the best way to curb money launderers and groups which finance terror networks is to disrupt their ability to raise, move and access money. Addressing a conference on the Anti-Money Laundering and Countering Financing of Terrorism Act (2009) in Mbabane, he said countries need to enhance their legal and operational frameworks at national, regional and international levels. The Swazi Observer reports that he said the policies that could tackle the scourge must be focused primarily on ‘prevention, detection and repression’. ‘The idea ... is that vital information is transmitted from the financial sector players that are being misused to the law enforcement agencies,’ he said.