Masking money flows
Cryptocurrencies can easily enable money laundering. What are the authorities and exchanges doing about it?
25 August 2021
Each year, criminals send billions of rands in illicit funds offshore, with cryptocurrency increasingly playing a greater role in facilitating such transactions. And experts question whether a government plan to regulate crypto exchanges will put a stop to it.
The Intergovernmental Fintech Working Group (IFWG), composed of several of the country’s financial sector regulators, in June recommended in a position paper that the mandate of the Financial Intelligence Centre Act (FICA) be amended to include crypto trading platforms.
Get 3 months of unlimited access
No credit card. No obligation.
CIO DIRECTORY 2021
The definitive guide to South Africa's leading technology decision-makers, the CIO Directory recognises the achievements of local CIOs and provides an insight into what's top of mind and their strategic 'to do' lists.
CISO DIRECTORY 2021
The Covid-19 pandemic has made people acutely aware of external threats to their normal work and home life. Many professionals have been forced to work from home offices.
BRAINSTORM APR 2022
BRAINSTORM DIGITAL EDITION