SA's battle against crime isn't just fought on the streets-it is waged in online meetings, boardrooms, banks, and businesses nationwide.
As the country's crime rates surge, so does the urgency for criminals to "clean" their ill-gotten gains.
The hard truth? Your business might unwittingly be their laundromat.
Recent SA crime statistics paint a grim picture. Kidnapping cases have skyrocketed by 183% over nine years, with 10 826 cases recorded in 2021/2022. Drug-related crimes and illegal firearm possession have surged by over 15%, while cash-in-transit heists and truck hijackings continue to plague our communities.
These are a stark reminder of the criminal undercurrent threatening society.
But these crimes are just the beginning. What follows is disguising the proceeds through money laundering. It is about making the profits appear legitimate afterwards.
Money laundering, while often perceived as a victimless crime, is intrinsically linked to the criminal activities that endanger not only the economy but also the lives of the citizens and wildlife.
Esta historia es de la edición October 07, 2024 de The Citizen.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 07, 2024 de The Citizen.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Bad memories help inspire Williams
With the Fifa international break back in full swing, Bafana Bafana captain Ronwen Williams has explained why heavy defeats to Brazil and France are always at the back of his mind.
HUGO GETS TOUGH
»» Itis understood the behaviour of the player forced Broos to put him out of the team’,
Proteas undone in dead rubber
BELOW PAR: SA OUTPLAYED BY IRELAND IN EVERY FACET
Lions sweating over Wolhuter
URC TOUR: HOLDING THUMBS BUDDING FLYHALEF IS FIT
Mofokeng is a Riveiro fan
CONTRACT: PIRATES STARLET WOULD LOVE THE COACH TO EXTEND HIS STAY
Missed chance for justice
»» Jooste’s death left him as most senior executive involved in the catastrophe.
Sarb's asset hit list
»» Precedent set when the Reserve Bank went after the assets of Jooste’s ex-lover.
Land grab case heads for UN
»» World leaders to hear of exploitation of the Cofan Avie group.
SA-Nigeria rivalry still ugly
Friction at many levels as pageants, sport used as weapons.
October 7 horror is relived
»» Square opened in Houghton to mark terror attack.