Newsletter – 31 January 2019


CAMPAIGN: Why criminals are attracted to property
SEND DATE: 31 January 2019

Property is attractive to money launderers for the same reason it is attractive to any investor: it is a stable, high-value and secure asset and, unfortunately, South Africa is appealing because of the impression that the local industry is slack in applying due care. This is why the Financial Intelligence Centre Act (FICA) is imposing new anti-money laundering obligations.

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