SOUTH AFRICA: THE GOLD LEAF TOBACCO ALLEGED MONEY LAUNDERING SCHEME EXPLAINED

On 8 September, the Daily Maverick reported that the South African Revenue Service (Sars) investigators have found that Gold Leaf Tobacco Corporation (GLTC) operates an off-book enterprise manufacturing and selling illicit tobacco. It provides easy to understand infographics to explain the complex money laundering scheme.

https://www.dailymaverick.co.za/article/2022-09-08-gold-leaf-tobacco-money-laundering-in-infographics/

https://www.dailymaverick.co.za/article/2022-08-29-r3bn-fraudulent-intentional-tax-evasion-an-in-depth-account-of-how-sars-bust-tobacco-gold-plunder-network/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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