01070nam a2200109   4500100002100000245011500021260004100136300000900177520067700186650004200863856005500905  aAfrican Monitor   aRegulatory Framework for Illicit Framework for  Illicit Financial Flows in South Africa :  A Scoping  Exercise  aSouth AfricabAfrican Monitor c2017  a13p.  aThis is a regulatory framework for South Africa.The role of South Africa as the major financial centre in Africa makes it vulnerable to illicit financial crime by organized and unorganized groups. It reveals that the major sources of laundered funds was proceeds from drugs .Other main money laundering activities and revenue generating crimes are fraud, theft, corruption, racketeering, precious metals smuggling, corruption, currency speculation, credit card skimming abalone poaching, “419” Nigerian-type economic/investment frauds and pyramid schemes While most of these activities are done by illegitimate organizations, some are done by legitimate organizations.  aIllicit Financial Flows, South Africa  uiffoadatabase.trustafrica.org/iff/IFF-Report-2.pdf