SOUTHERN AFRICA FEATURE
October 1st, 2002
BY RICHARD HURSTMONEY laundering is all about fake respectability, transforming the seedy and ill-gotten into the legitimate and well-earned; so in Africa, where better to launder criminal money than through the continent's most developed economy, South Africa.Mike Savage, partner at Ernst & Young South Africa, said that the biggest problem facing African governments wanting to seriously tackle money laundering is to pinpoint the movement of funds that are moved across porous borders in a bid to cover tracks and conceal sources. He explained: "In most ...
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