Cyber-laundering and the future of corruption in Africa
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Date
2018
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of the Western Cape
Abstract
Corruption has been given considerable attention as one of the major causes of the
socio-economic ills that plague Africa. Statistics reveal that staggering amounts of
money are lost annually to corruption. Many discussions about corruption focus on
its meaning, its causes and its impact but one pertinent issue goes unexamined:
what happens to the money? The answer is money laundering. And while we are
trying to grapple with the challenges of today, it is imperative that we consider the
troubles that await. This paper discusses the relationship between corruption and
money laundering, with a focus on the technique of cyberlaundering. It
recommends that regional research units be created to address the issues raised.
Description
Keywords
Cyber-laundering, Africa, Socio-economic ills, Money laundering, Corruption
Citation
Mabunda,S . (2018). Cyber-laundering and the future of corruption in Africa. Journal of Anti-Corruption Law, 2(1). 214-233