Millions of dollars have been repatriated to Nigeria by Swiss authorities, but there are better ways to spend it than what the government is proposing.
From Fela Kuti’s album, ‘Beast of No Nation’.
Beast of No Nation LP.
Fela Kuti’s critically engaging lyrics, and his intense and methodical delivery, provide an important window to exposing students to critical understanding of the global system.
South African Reserve Bank deputy governor and registrar of banks, Kuben Naidoo, has the tough task of curbing money laundering.
Supplied by SARB
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.
South African President Jacob Zuma. Mounting allegations of corruption at home are having international repercussions.
Reuters/Mark Schiefelbein
There are disturbing questions around the complicity - witting or unwitting - of UK global financial institutions in the transnational network set up by President Jacob Zuma and the Gupta family.
The South African economy just narrowly escaped a credit rating downgrade but it is not in the clear yet.
Reuters
South Africa is breathing a sigh of relief after escaping a credit rating downgrade. But there are still serious concerns around structure of the country’s economy and finances.
A radical tightening of exchange controls against corporations and wealthy individuals offers a short-term solution to South Africa’s balance of payments crisis.
Activists outside the European Commission show their disdain for existing measures against tax evasion and money laundering.
REUTERS/Yves Herman
In Africa, commercial activities are the largest component of illicit financial flows. This is followed by organised crime and then public sector corruption.