271Kgs of Cocaine burst at ORTIA
Pretoria - The South African Revenue Service (SARS) on Saturday confiscated 271kg of cocaine with a street value of R78 million at OR Tambo International Airport – one of the biggest cocaine busts ever.
“It marks the biggest ever cocaine bust by customs officials in South Africa,” said SARS in a statement.
The drugs were en route from Sao Paulo, Brazil to Nairobi, Kenya, and found in a cargo warehouse during routine operations.
“The specific shipment indicated as “cosmetics” on official documentation was identified for closer inspection through customs profiling techniques,” said SARS. Read More ...
CHINESE MILLIONAIRE ARRESTED IN N$3 ,5 BILLION VAT FRAUD
Windhoek, Namibia. CHINESE millionaire Jack Huang, President Hage Geingob's business partner and friend, was arrested yesterday in connection with the N$3 ,5 billion tax evasion, fraud and money laundering case unfolding in the courts. His arrest comes after months of police investigations targeting a string of companies owned primarily by Chinese business people. The Namibian has seen a list with Huang and his wife among the 24 people authorities consider to be “wanted persons” regarding the multibillion-dollar tax dodging case. Huang's wife, Li Dan, is said to be out of the country. Huang was allegedly arrested at the Hosea Kutako International Airport on his way to Angola where he also owns businesses. The Namibian reported in December that Huang was under investigation for financial crimes, mainly because of his connection to at least one of the companies named in the N$3,5 billion tax scandal. Read More ...
LESOTHO SENATE ENDORSES THE MONEY LAUNDERING AMENDMENT BILL
Lesotho - Senate has endorsed Money Laundering and Proceeds of Crime (Amendment) Bill, 2016 without amendments. This is after the Leader of the House and Minister of Finance, Dr 'Mamphono Khaketla piloted the aforementioned Bill for the House to endorse after it had resolved itself into Committee. She asserted that the object of the Bill is to effect amendments to the Money Laundering and Proceeds of Crime Act No.4 of 2008 known as the Parent Act in order to address deficiencies established by the Eastern and Southern Africa Anti-Money Laundering Group Mutual Evaluation report of Lesotho of September, 2011 so that the Legal and Institutional Framework to implement measures to fight money laundering and terrorist financing can to a large extent comply with mandatory international standards. Read More ...
Malawi risks being blacklisted on the international financial market
Malawi could be unrecogised on the international financial market should Parliament fail to pass the Financial Crime Bill by 15 February 2017, Malawi24 can report.
The bill aims at repealing the Money Laundering, Proceeds of Serious Crime and Terrorist Financing Act currently being used to hear cashgate cases in court which is weak as it only attracts maximum 10 years imprisonment.
This legal framework seeks to create an independent Financial Intelligence Authority (FIA) replacing the Financial Intelligence Unit (FIU). Read More ...
Three tonnes of pangolin scales seized at Thai airport
Thai authorities on Thursday, 2 February, displayed to journalists nearly 3 tonnes of scales from pangolins, the world's most poached animal, seized in anti-smuggling operations since December. The scales, worth more than $800,000, were shipped from Africa and confiscated by police, customs and wildlife officials at Bangkok's Suvarnabhumi Airport. Thai customs chief Kulit Sombatsiri told reporters that an estimated 6,000 pangolins were killed to produce almost 3 tonnes of scales, which are used in traditional medicines in Asia. A ban on global trade of pangolins took effect in January after tougher international protection was agreed last September for the eight species of the mammal, which curls up in a ball when threatened by predators. Read More..
Businessman arrested while trying to externalise K504m
A 38 year-old Malawian businessman of Indian Origin has been arrested for attempting to externalize foreign currency amounting to about K504 million. Police officers at Kamuzu International Airport (KIA ) arrested Iqbar Sodagar Moinuddian Mohmad after being found in possession of US$622,820, 2,015 British Pounds and 15,860 Euros.
Sergeant Suplain Chitonde disclosed that Mohmad was arrested at the departures Lounge before boarding an Aircraft to Dubai through Ethiopian Airways. “He had refused his bag to go through the X-ray machine or to be physically searched by the Police Officers manning the ... " Read More ...
ZIM ASSET FORFEITURE WORKSHOP
From 28 November to 2 December UNODC and the Asset Forfeiture Unit in Zimbabwe colloborated on a workshop on Taking the Proceeds from Crime. This was the latest in a long list of colloboration between the authorities in Zimbabwe, UNODC and the ARINSA network. In 2012, the authorities in Zimabwe worked with UNODC in drafting and enacting the Money Laundering and Proceed sof Crime Act. This provided Zimababwe with state of the art legislation that included non-conviction based forfeiture. A number of staff from the National Prosecuting Authority have also attended the Prosecutor Placement Programme. This initiative run in colloboration with the National Prosecuting Authority in South Africa is an intensive course covering all aspects of money laundering and proceeds of crime. The staf from Zimbabwe that attended this programeme now form the nucleus of the Asset Forfeiture Unit. Read More ...
Zimbabwe's First Conviction on Money Laundering
Harare businessman Arthur Chikukwa has been jailed for an effective four years after being convicted of fraud and money laundering in Zimbabwe's first ever money laundering case. He swindled a prospective coal miner of over $2,7 million in a botched mining deal. Chikukwa had denied the charges when the trial began in October 2016 in the High Court, but Justice Tawanda Chitapi convicted him after a full trial. He slapped him with 10 years’ imprisonment, of which two years were suspended for five years on condition of good behaviour. A further four years were set aside on condition Chikukwa pays restitution of $225 000 to the complainant, Light Glass Enterprise (Pvt) Ltd, through the Registrar of the High Court by no later than December 31, 2017. Read More ...
ARINSA's Sub-regional Workshop on Taking Proceeds from Wildlife Crime
Pretoria, South Africa. Established in 1997, UNODC’s Global Programme against Money Laundering, Proceeds of Crime and the Financing of Terrorism (GPML) seeks to assist member states in complying with all UN Conventions and other instruments that concern Anti-Money Laundering (AML) and Counter-Terrorist Funding (CTF). Operating notably under the mandate of the 2000 Palermo Convention, the 2003 Merida Convention, and the 40 recommendations of the Financial Action Task Force, its purpose is to raise awareness, build institutions, and train legal, financial, and law enforcement authorities at a national/regional level to develop necessary AML/CFT infrastructure to effectively address all GPML-related activities within their jurisdictions. Read More ...
Airlines beef up anti-smuggling measures
Durban - “Notice to rhino poaching syndicates: you may wish to reconsider your plans to keep smuggling horns from South Africa via Maputo Airport.” This is the underlying message from a major world airlines association’s announcement on new anti-smuggling measures at Mozambique’s largest airport. The International Air Transport Association (Iata), which represents 265 airlines and 83% of global air traffic, says it has chosen Maputo International Airport to test new wildlife anti-trafficking measures. Maputo, and the port of Dar es Salaam in Tanzania, have long been regarded as major smuggling exit points for rhino horns, elephant ivory and other wildlife contraband. Read More ...
Zimbabwe's Records First ever Money Laundering Conviction
A HARARE businessman, Arthur Chikukwa, was last weekend convicted of fraud and money laundering for swindling a prospective coal miner of over $2,7 million in a botched mining deal, by High Court judge Justice Tawanda Chitapi. The businessman is now set to be sentenced on Monday after he successfully pleaded with the court to allow him time to pay compensation before the pronouncement of the sentence. Chikukwa’s efforts to convince the court that the matter was a civil one failed to yield results, as the judge concluded it was a criminal issue. In mitigation, through his lawyer, Chikukwa said he would surrender house number 30 Stonechat Lane, Borrowdale in Harare, a Toyota Prado, a Toyota Lexus and $125 000 cash to the complainant, Salim Suleman Desai of Lightglass Enterprises (Pvt) Ltd. Read More ...