South African working group reports progress in tackling trade-based financial crime
The South African government’s illicit financial flows Inter-Agency Working Group (IAWG) has told a parliamentary committee that in 2018 and 2019 it has managed to conclude two cases and recover 400 million rand (R400 million – US$22.7 million) in illicit financial flows (IFFs).
The IAWG also told the committee it was dealing with IFF cases involving billions of South African rand.
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