ARTICLES RELATING TO ILLICIT FINANCIAL FLOWS

Kieswetter: SARS' illicit economy unit has recovered R2.6bn so far

2020-01-24 20:32

SARS' unit that tackles illicit financial flows has recovered R2.6bn in taxes since April 2019.

SARS extends deadline for tender to help stop illicit tobacco trade

2019-05-24 18:02

SARS says it will extend the deadline for a tender aimed at securing a service provider to help curb the illicit tobacco trade.

Further tax crackdowns as multinationals, BEPS tackled

2018-07-10 15:32

New legislation will make it a lot more difficult to hide tax money, which will have a major impact on multinationals who use transfer pricing to dodge tax.

Carrim calls on FIC, Hawks, SARS and NPA to stem tax losses for SA

2018-05-31 07:06

South Africa is failing to tackle illicit financial flows and losing billions in potential tax revenue, says Yunus Carrim, chair of the standing committee on finance in Parliament.

Hawks: Tax evasion at heart of illicit tobacco trade

2018-05-03 12:56

The Hawks is investigating 394 cases of illicit tobacco trade, Parliament has heard.

What SARB can - and can’t - do about illicit financial flows

2017-11-24 14:55

South Africa's Reserve Bank is facing a growing challenge of illicit financial flows and money laundering from gangs and errant businesses hell-bent on tricking regulators.

Gigaba vows to crack down on illicit flows, as Gupta Dubai heat intensifies

2017-10-27 16:20

Finance Minister Malusi Gigaba has vowed that government will crack down on illicit financial outflows as he attempts to find extra revenue to keep the country within its fiscal ceiling.

Eunomix’s methodology deficient – GFI

2017-08-27 06:00

Matthew Salomon, senior economist at Global Financial Integrity in Washington, DC, told City Press that Eunomix’s work does not invalidate their research.

Parliament demands action on illicit financial flows

2017-08-02 05:00

An inter-parliamentary committee will demand answers from criminal prosecuting authorities about progress made in cases of illicit financial flows.

 

SARS goes to court to recover R200m lost through illicit tobacco trade in decade-old case

2019-11-19 14:39

The R200m claim relates to a single case investigated by project Honey Badger.

SARS fight against illicit cigarette trade backed by industry players

2019-04-30 18:53

Tighter controls by SARS to fight illicit trade of cigarettes has been welcomed by organisations within the industry.

Five things you need to know about SA's illicit tobacco trade

2018-06-04 15:07

SARS is cracking down on illicit trade, according to Acting Commissioner Mark Kingon. As it tightens the reins, here's what you need to know about illicit tobacco trade - a contributor to significant losses to the fiscus, and a suspected factor in state capture.

Six things that concern the tobacco industry about the new draft bill

2018-05-18 07:42

Tobacco industry bodies have raised six concerns about the Control of Tobacco Products and Electronic Delivery Systems Bill, recently gazetted by government for public comments.

Legal tobacco industry could disappear in two years, Parliament hears

2018-05-02 13:22

SARS has the mandate to clamp down on illicit trade of tobacco products, but if it fails the legal industry will be gone in two years' time, says an industry body.

Gigaba's dilemma: Will his loyalty to Zuma trump his ambition?

2017-10-31 08:42

Finance Minister Gigaba is between a rock and a hard place. He has presidential ambitions, but to get there he'll have to go against President Zuma's wishes, writes Max du Preez.

Zuma: SA combating 'scourge' of illicit financial flows

2017-10-10 06:00

South Africa has signed several multilateral agreements to combat illicit financial flows, making it more difficult for taxpayers to hide their assets abroad, President Jacob Zuma says.

Are the illicit flows fake?

2017-08-27 06:00

Mines’ consultants say UN, AU and NGO estimates of illicit financial flows are ‘ideological’ nonsense.

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