Motor vehicle dealers face financial crime risks in the trade of high-value goods
Motor vehicle dealers are key players in South Africa’s economy but are also susceptible to money laundering, terrorism financing, and proliferation financing abuse. As movable goods, motor vehicles can be used by criminals to launder illicit funds.
Estate agents and their targeted financial sanctions obligations
The investment in property provides a stable, high-value and secure asset, which makes this sector particularly vulnerable to money laundering and terrorist financing (ML and TF).