Former US attorney-general Eric Holder says the fact you are not a card-carrying US citizen does not make you immune from prosecution by US authorities under the Foreign Corrupt Practices Act and money laundering legislation. He said that although the US had the ability to indict anyone involved in contravening US law, it was unlikely it would indict a head of state. Holder’s comments come as civil society group Corruption Watch prepares to approach US authorities to prosecute global consultancy McKinsey under the Foreign Corrupt Practices Act for its role in state capture. It also comes as UK politician Lord Peter Hain pushes UK and EU authorities to probe allegations of money laundering against banks including HSBC, as well as President Jacob Zuma and the Guptas. Holder, who was attorney-general under the Obama administration and is now a partner at Washington law firm Covington & Burling, was speaking at an event in Johannesburg hosted by Bowmans. Of the 10 largest fines levied b...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.