MPs call high-level meeting to fight illicit flow of ‘obscene’ amounts of money from SA
The Hawks, the police, the NPA, SARS, the Reserve Bank and the Financial Intelligence Centre will attend, as Parliament’s finance committee grows tired of the lack of action
Parliament’s standing committee on finance is gatvol with the lack of action taken by the criminal justice system in bringing those guilty of illicit financial flows to book and plans to address the matter. The committee is planning a meeting on August 29 to assess progress. It will be attended by representatives of the Hawks, the South African Police Service (SAPS), the National Prosecuting Authority (NPA), the South African Revenue Service (SARS), the Reserve Bank and the Financial Intelligence Centre (FIC). The trade and industry, mineral resources and the police committees will also be involved with the meeting. Finance committee chairman Yunus Carrim said it had been suggested to him that about 5,000 cases dealing with illicit financial flows had been reported to the police over the past few years but only an “abysmal few” had been pursued. Police Minister Fikile Mbalula was also concerned about the lack of action, Carrim said. The finance committee has also called for the esta...
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