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The South African Narcotics Bureau (Sanab) raided Palazzolo's Franschhoek farm, Terra de Luc, and arrested him – seizing 10 guns and diamonds worth 500,000 Rand together with documents indicating that Palazzolo had invested more than 25 million Rand in businesses in South Africa and Namibia. He was declared an undesirable person in South ...
Bushiri's company, Shepherd Bushiri Investments, is a controversial company that has been implicated in fraud, [22] money laundering, [23] tax evasion and ponzi schemes. [24] South African Police seized properties and bank accounts belonging to the company after discovering it had defrauded pensioners of $6 million USD. [25]
TRENTON - A Monmouth County man has been sentenced to five years in prison for laundering money to entities in South Africa linked to widespread internet-fraud schemes, U.S. Attorney Philip R ...
The Companies and Intellectual Property Commission (CIPC) is an agency of the Department of Trade, Industry and Competition in South Africa. [1] The CIPC was established by the Companies Act, 2008 (Act No. 71 of 2008) [2] as a juristic person to function as an organ of state within the public administration, but as an institution outside the public service.
(Bloomberg) -- The head of South Africa’s National Treasury said he is “pretty confident” the country will have addressed regulatory weaknesses in its money laundering controls by year-end ...
Jacob Zuma, the former president of South Africa, is currently facing criminal charges relating to alleged corruption in the 1999 Arms Deal.He was first indicted on the charges in June 2005, but attempts to prosecute him have been beset by legal challenges and political controversy.
[50] [51] Linda A. Lacewell the superintendent of the New York State Department of Financial Services, said in an opinion piece that "Individual bankers are rarely held accountable, so money laundering becomes a source of profits and bank fines become a cost of doing business, when the profits exceed the fines, the business choice is easily ...
The corruption trial of a former senior Ecuadorian official charged with laundering more than $10 million in bribes through Miami’s banking system and real estate market may not feature a ...