New FIC director, Xolisile Khanyile, comes with an impressive pedigree
The new director of the Financial Intelligence Centre has served as acting director of public prosecutions in Gauteng, and deputy director of public prosecutions in the asset forfeiture unit
Advocate Xolisile Khanyile is the new director of the Financial Intelligence Centre (FIC), and is replacing Murray Michell, who headed the organisation since its establishment more than 12 years ago.The FIC is vital in combating money-laundering and financing terrorism. It assumed prominence when its work cast a spotlight on financial transactions conducted by the Gupta family. A record of suspicious transactions reported to the FIC are believed to have prompted the closure of bank accounts belonging to the Gupta company, Oakbay, by the country’s four major banks.Khanyile will assume office on January 1 2018, according to Finance Minister Malusi Gigaba, who announced the appointment on Thursday.Previous positions held by Khanyile include director of public prosecutions in the Free State; acting director of public prosecutions in Gauteng; senior deputy director of public prosecutions in the national prosecutions service; and deputy director of public prosecutions in the asset forfeit...
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