Money Laundering in Southern Africa Incidence, Magnitude and Prospects for its Control

"This paper does not seek to highlight or explain the perceptions of the financial sector or those of any other organisation concerned with combating money laundering; it rather explores some of the key issues at the heart of contemporary concerns about money laundering and considers them as they relate to Southern Africa. In particular, the paper discusses: current trends of money laundering activity in the region; measures to combat money laundering and the impact expected of them in the light of the challenge; and the medium-term prognosis for money laundering in the region (will we become a 'shining example', or will we be further down the pit?). It concludes with a prècis of factors that are key to the development of a regional strategy to combat money laundering comprehensively."