FIC publishes money laundering typologies and indicators


The Financial Intelligence Centre (FIC) , in its commitment to increase the utilisation of financial intelligence using a variety of methods – including creating awareness on criminality – in an effort to enhance the intolerance of the abuse of South Africa’s financial system, has published a document that provides indicators developed from case studies to assist in identifying potential criminal financial activity.

In this publication, titled “Money Laundering Typologies and Indicators” the FIC uses case studies to illustrate how criminal incidents can occur and how criminals operate

The indicators are discussed under the following subjects: duplicate payments, fraudulent company scams, illegal gold smuggling, environmental crimes, corruption, narcotics, cyber crime, ponzi schemes, stolen student loans and trust account abuse.

The pdf document can also be download from the FIC’s website or here.