×

We've got news for you.

Register on Sunday Times at no cost to receive newsletters, read exclusive articles & more.
Register now

SA’S IS CRISIS | Why it’s so hard to track money going from SA ...

News

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

Senior reporter

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...

This article is reserved for Sunday Times Daily subscribers.
A subscription gives you full digital access to all Sunday Times Daily content.

Sunday Times Daily

Already subscribed? Simply sign in below.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.