Purpose

Money laundering activities were allegedly rampant and poorly regulated in the South African financial markets and financial institutions prior to 1998. In other words, prior to the enactment of the Prevention of Organised Crime Act 121 of 1998 as amended (POCA), there was no statute that expressly and adequately provided for the regulation of money laundering in South Africa. Consequently, the POCA was enacted to curb organised criminal activities such as money laundering in South Africa. Thereafter, the Financial Intelligence Centre Act 38 of 2001 as amended (FICA) was enacted in a bid to, inter alia, enhance financial regulation and the combating of money laundering in the South African financial institutions and financial markets.

Design/methodology/approach

The paper provides an overview analysis of the current legislation regulating money laundering in South Africa. In this regard, prohibited offences and measures that are used to curb money laundering under each relevant statute are discussed. The paper further discusses the regulation and use of customer due diligence measures to combat money laundering activities in South Africa. Accordingly, the regulation of customer due diligence under the FICA and the Banks Act 94 of 1990 as amended (Banks Act) is provided.

Findings

It is hoped that policymakers and other relevant persons will use the recommendations provided in the paper to enhance the curbing of money laundering in South Africa.

Research limitations/implications

The paper does not provide empirical research.

Practical implications

The paper is useful to all policymakers, lawyers, law students, regulatory bodies, especially, in South Africa.

Social implications

The paper seeks to curb money laundering in the economy and society at large, especially in the South African financial markets.

Originality/value

The paper is original research on the South African anti-money laundering regime.

中文翻译：

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南非洗钱当前监管方面的探索

目的

据称，在 1998 年之前，南非金融市场和金融机构的洗钱活动猖獗且监管不力。 换言之，在颁布经修订的 1998 年第 121 号预防有组织犯罪法 (POCA) 之前，没有任何法规明确和充分地规定了南非的洗钱监管。因此，颁布了 POCA 以遏制有组织的犯罪活动，例如南非的洗钱活动。此后，金融情报中心2001年38法修订（FICA）力图，颁布特别是，加强金融监管和反洗钱的南非金融机构和金融市场的打击。

设计/方法/方法

本文对南非现行的洗钱立法进行了概述分析。在这方面，讨论了每项相关法规下用于遏制洗钱活动的禁止犯罪和措施。该文件进一步讨论了在南非打击洗钱活动的客户尽职调查措施的监管和使用。因此，根据 FICA 和经修订的 1990 年第 94 号银行法（银行法）规定了对客户尽职调查的规定。

发现

希望政策制定者和其他相关人员能够利用文件中提供的建议来加强对南非洗钱活动的遏制。

研究限制/影响

本文不提供实证研究。

实际影响

该论文对所有政策制定者、律师、法学院学生、监管机构都有用，尤其是在南非。

社会影响

该文件旨在遏制整个经济和社会中的洗钱活动，尤其是在南非金融市场。

原创性/价值

该论文是对南非反洗钱制度的原创研究。