PROFILE: Xolisile Khanyile guarding the banks’ integrity
New director of the Financial Intelligence Centre is experienced in law enforcement and aims to foster a closer working relationship with the NPA
In 2016 former finance minister Pravin Gordhan revealed in court papers that the Financial Intelligence Centre (FIC) had compiled a report in which the commercial banks had flagged 72 suspicious transactions related to the controversial Gupta family. The FIC, whose role is to safeguard the integrity of SA’s financial institutions, became prominent in the minds of ordinary South Africans amid growing distress about state capture. In December finance minister Malusi Gigaba announced that this important institution would in future be led by Xolisile Khanyile, a lawyer, after Murray Michell had been at the helm of the FIC for the 14 years since its establishment. Khanyile (45) will head the institution at a time when South Africans are demanding more accountability and action from its law enforcement institutions. In an interview with the Financial Mail a week after her appointment, Khanyile and her new team made it clear that she had barely done a proper trip around the building, and t...
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