SA’S IS CRISIS | Why it’s so hard to track money going from SA to IS
Opacity of those operating outside anti-money laundering crosshairs raises concern about amount flowing to terrorists
SA’s financial sector is an attractive prospect for international terrorist organisations because it is well connected globally, easy to use and has a large, economically active émigré population, the members of which have strong ties to their home countries.
Detecting and infiltrating those supporting these groups through irregular money movements is a major challenge for the government.
This is according to the Financial Intelligence Centre’s (FIC) legal and policy division executive manager Pieter Smit, who spoke to TimesLIVE about its February assessment report on terror financing in SA...