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 Case Studies

Combating financial crime in South Africa

This section aims to raise awareness of financial crimes committed in South Africa. It is compiled by the FIC, which fights crime by monitoring the proceeds of crime and combats money laundering and financing of terrorism.

Financial crime affects every South African, directly or indirectly, by robbing individual resources or draining the funds available for the country’s development. By knowing what to look out for, South Africans can avoid falling victim to common scams.

These case studies focus on a selection of prevalent crimes, defining each scheme, explaining how it works and how to avoid being a victim. Please use the search function below to learn more.

notes66 419 scam What is it … Measured by monetary losses, 419 fraud is the world’s most prevalent scam … The 419 scam originated in the early 1980s in Nigeria, and is named after a section …
Date: 8/15/2016 Size: 58KB

notes66 419 scam What is it … Measured by monetary losses, 419 fraud is the world’s most prevalent scam … The 419 scam originated in the early 1980s in Nigeria, and is named after a section …
Date: 8/15/2016 Size: 58KB

notes13 account hijacking What is it … An account hijacker uses another person’s bank account … how it works A person, often unemployed or a low-income earner, is paid to open a bank account …
Date: 8/15/2016 Size: 152KB

notes13 account hijacking What is it … An account hijacker uses another person’s bank account … how it works A person, often unemployed or a low-income earner, is paid to open a bank account …
Date: 8/15/2016 Size: 152KB

notes30 drug mules What is it … A “mule” is another name for a courier who physically smuggles illegal items across a national border … how it works Drug mules are hired to reduce the risk …
Date: 8/15/2016 Size: 56KB

notes30 drug mules What is it … A “mule” is another name for a courier who physically smuggles illegal items across a national border … how it works Drug mules are hired to reduce the risk …
Date: 8/15/2016 Size: 56KB

notes20 remittance scam What is it … The use of moneygrams to transfer the proceeds of crime across national borders … how it works Moneygrams – person-to-person money transfers – are a fast …
Date: 8/15/2016 Size: 77KB

notes20 remittance scam What is it … The use of moneygrams to transfer the proceeds of crime across national borders … how it works Moneygrams – person-to-person money transfers – are a fast …
Date: 8/15/2016 Size: 77KB

notes23 ponzi scheme What is it … it offers investors unusually high returns, but the payouts do not come from actual profits – the victim’s own money, or money paid by subsequent …
Date: 8/15/2016 Size: 56KB

notes23 ponzi scheme What is it … it offers investors unusually high returns, but the payouts do not come from actual profits – the victim’s own money, or money paid by subsequent …
Date: 8/15/2016 Size: 56KB