By Monique Vanek
South Africa’s Financial Intelligence Centre established a forensic unit to help the government fight corruption and prosecute complex financial crimes, part of an effort to have the nation removed from a global watchdog’s dirty-money watchlist.
The unit, which opens on Saturday, will complement the FIC’s existing structures, the center’s Executive Manager Christopher Malan said Friday in an interview. It’s expected to help expedite asset forfeiture and prosecutions, he said.
The FIC is mandated to assist in identifying the proceeds of crime, and combating money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.
Having forensic capacity …
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