Regulators and banks form partnership to tackle financial crime
11 December 2019 - 13:02
SA’s top financial regulators and the country’s banks have launched a ground-breaking partnership to tackle rampant fraud, corruption and organised crime.
The public-private partnership, called the SA Anti-Money-Laundering Integrated Task Force (Samlit), has as its overarching aim the creation of a forum in which critical information relating to financial crimes can be freely exchanged in real time. It was spearheaded by the Treasury, the Prudential Authority (PA) and the Financial Intelligence Centre and includes the voluntary participation of SA’s banks. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.