Anti-money laundering body strengthens regional co-operation

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Anti-money laundering body strengthens regional co-operation
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Samlit will share information with its counterparts in East and Southern Africa

The SA Anti-Money Laundering Integrated Task Force will be strengthening its regional co-operation capabilities with its counterparts in east and Southern Africa to step up the fight against financial crime, including the illegal wildlife trade, a big funding source for organised crime.

Samlit, a public-private partnership between the Financial Intelligence Centre , the Prudential Authority and the banking industry, has formally agreed to share its experience in how banks can collaborate with regulators and state law-enforcement agencies to tackle financial crime with east and Southern Africa Anti-money Laundering Group .

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