South African Financial Intelligence Centre: A Model for Africa!

madiba4

I am in Pretoria to assist the Financial Intelligence Centre (FIC) in charge of reinforcing the integrity, stability and transparency of South Africa’s financial system. Financial intelligence produced by the FIC is important for law enforcement, revenue agencies, police and others to support their investigations and forfeiture processes. Along with +150 other financial intelligence units (FIUs), the FIC is a member of the Egmont Group, which assists in the exchange of knowledge, expertise and information.

FIUs have a critical role to combat money laundering and the financing of terrorism. Our 10-year evidence based models used by many FIUs in the world were initially designed for African countries. FIC is taking the lead by sponsoring many African countries to adopt international best practices and ensure the safety and security of Africa now and in the future.

I feel humbled and honoured for this opportunity to serve as a technical adviser to FIC !

Reference: https://www.fic.gov.za/Pages/Home.aspx