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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

notes16 trade-based money laundering What is it … Money laundering is the processing of criminal proceeds to disguise their illegal origin … it is typically used to disguise the profits of …
Date: 8/15/2016 Size: 62KB

notes16 trade-based money laundering What is it … Money laundering is the processing of criminal proceeds to disguise their illegal origin … it is typically used to disguise the profits of …
Date: 8/15/2016 Size: 62KB

notes26 use of front companies What is it … Front companies are used to conceal the proceeds of illicit activities … how it works Criminals set up or use businesses to launder money …
Date: 8/15/2016 Size: 52KB

notes26 use of front companies What is it … Front companies are used to conceal the proceeds of illicit activities … how it works Criminals set up or use businesses to launder money …
Date: 8/15/2016 Size: 52KB

notes10 pyramid scheme What is it … A form of fraud that promises participants payment or services for recruiting others into what is presented as a legitimate business …
Date: 8/15/2016 Size: 55KB

notes10 pyramid scheme What is it … A form of fraud that promises participants payment or services for recruiting others into what is presented as a legitimate business …
Date: 8/15/2016 Size: 55KB

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