Enhancing Private-Private Information Sharing in South Africa to Disrupt Economic Crime
An estimated €4 trillion is laundered annually worldwide, with only around 1-2 per cent successfully confiscated under existing compliance frameworks.
Financial Crimes Enforcement Network
Regulator · UN · 4 documents
Key number
€4 trillion EUR
Estimated annual global money laundered. Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad p.4
Key number
€100-150 billion EUR
Annual global banking expenditure on AML compliance staff and technology. Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad p.4
Key number
2,169 incidents
SABRIC ATM incidents resolved through real-time information sharing in 2024. Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad p.15
Key number
₦2 billion
Tier-1 BDC minimum capital requirement. Issues in Contemporary Accounting and Business p.1
Key number
4 stages
Sequential stages in proposed monitoring model. Actual problems of innovative economy and law p.1
Regulatory Reforms in Nigeria's Bureau De Change Sector and Exchange Rate Stability: Assessing the Role of the Central Bank of Nigeria
In March 2024, the Central Bank of Nigeria launched a major regulatory overhaul in the Bureau De Change sector, revoking the licenses of over 4000 BDC operators to curb financial malfeasance.
The Use of Suspicious Activity Indicators by Banking Institutions to Detect Illicit Cryptocurrency Transactions
The author proposes a monitoring model comprising 4 sequential stages to enable the gradual flow of information in detecting money laundering [p.1].
The OCIF Regulatory Framework in Comparative Perspective with OCC and FDIC: Implications for AML Compliance at International Digital Banks
The article compares Puerto Rico's Office of the Commissioner of Financial Institutions regulatory framework with U.S. federal supervisory models of the OCC and FDIC.