S. African Free State: Gold smuggling and money laundering case closes The State has closed its case in the Free State High Court in a matter relating to 133 charges of racketeering, gold smuggling, the unlawful processing of gold and money-laundering of nearly approximately R10 billion. The State lead its case for nearly 100 court … Continue reading On trial: Laundering gold-smuggling cash
FCPA investigation hits FedEx in Kenya
Kenya and FedEx: Possible breach of FCPA anti-bribery provision According to Wall Street Journal and Law360 reports, two powerhouses (one country, one company) are involved in a recent self-reported FCPA violation: FedEx Corporation has reported possible infractions of the foreign anti-bribery law in Kenya to the United States Department of Justice. According to the … Continue reading FCPA investigation hits FedEx in Kenya
Survey shows perception gap and increased corruption
Survey shows that perception of corruption & bribery on the rise As also reported by BDLive's Evan Pickworth, a recent Ernst & Young survey shows that the perception of widespread bribery and corruption by South African executives has increased climbed by 16% to an overall 78% response. The article mentions the "high-profile regulatory enforcement [that] … Continue reading Survey shows perception gap and increased corruption
Housing tender fraud in eThekwini (RDP / South Africa)
South Africa: RDP housing tender fraud in eThekwini In order to cease complaints and reports of corruption, the eThekwini municipality will stop using section 36 of the Municipal Finance Management Act to award emergency tenders. The municipality has tabled a budget of R35.8 billion for the new financial year, of which R3.7 billion will be … Continue reading Housing tender fraud in eThekwini (RDP / South Africa)
Fraud in the medical schemes industry
South Africa: Fraud in the medical schemes industry Discovery Health’s CEO, Dr Jonathan Broomberg, has estimated that fraud in the medical schemes industry will cost South Africa between R8.22 billion and R43.2 billion. Various types of fraud have been flagged recently, such as “card farming”, in which medical members allowed other non-members to be treated … Continue reading Fraud in the medical schemes industry
Anti-Fraud & Corruption Law in Africa 