On 26 July, PYMNTS.com reported that South African banking regulator has warned that the country’s banking industry is at risk of becoming ensnared in money laundering and terrorist financing activity. The Prudential Authority of the South African Reserve Bank said the country’s 5 biggest banks, which control nearly 90% of assets, were most at risk. One of the major banks reported it had 8,388 clients with unknown citizenship, and another said it had 1,782 clients with an unknown country of incorporation.
Any modest contributions for my time and ongoing expenses are welcomed! At Buy me a Coffee one-off contributions start as low as $3, at
NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!