Grappling with the scourge of money laundering during the Covid-19 pandemic in South Africa

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Date

2022

Journal Title

Journal ISSN

Volume Title

Publisher

University of the Western Cape

Abstract

The deadly COVID-19 pandemic has unfortunately presented new opportunities for perpetrators to exploit. As such, hefty amounts of economic crimes such as money laundering and money laundering threats were committed from the dawn of the COVID-19 pandemic, up to date of publication of this article. This criminal activity is highly likely to continue unless proficient solutions are efficiently activated and essentially carried out. This article sets out the ML and ML threat findings in South Africa as well as internationally during the pandemic, the South African anti-money laundering (AML) framework status quo, and what the way forward could be.

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Keywords

Money laundering, Covid-19, Public health, Corruption, South Africa

Citation

Wesso, C., & Hamman, A. (2022). Grappling with the scourge of money laundering during the Covid-19 pandemic in South Africa. Journal of Anti-Corruption Law, 6(1), 127-152