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 Case Studies

Criminals use different types of crimes to accumulate or gather their proceeds. The FIC publishes case studies to raise awareness on some of the methods criminals use. This is intended to assist business and individuals to identify typical criminal behaviour, thereby helping them to avoid falling victim to crimes.  ​

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

from their trust accounts for normal business expenses in contravention of …  Transfers from attorneys’ trust accounts into personal accounts …  Absence of a business account to service the …
Date: 5/14/2018 Size: 145KB

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

the Companies and Intellectual Property Commission … Entities are registered with the CIPC with names very similar to existing entities … Accounts are then opened in the name of these …
Date: 5/14/2018 Size: 147KB

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

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

Precious metal smuggling can take the form of either trading in illegally mined precious metals or … obtaining the mined metals illegally and then selling it, with …
Date: 5/14/2018 Size: 146KB

fauna and flora by criminal elements to enrich … in the process as well as the … smuggling of ivory, abalone, endangered species and rhino horns … Specific natural resources are targeted by …
Date: 5/14/2018 Size: 146KB

Date: 8/15/2016 Size: 122KB

Date: 8/15/2016 Size: 118KB