Lamola presents bill to cushion whistle-blowers against financial ruin: The government wants to create a special fund for whistle-blowers facing financial troubles stemming from their decisions to expose corruption and other forms of wrongdoing.
Lamola also announced steps to amend the NPA legislation “to make the Investigating Directorate a permanent agency in the NPA and not one created and disbanded by proclamation.Lamola said the government had also introduced new laws to address the grey-listing of the country by global financial watchdogs for its shortcomings in dealing with illicit financial flows.
The Financial Action Task Force in February added South Africa to a list of countries flagged as risks for illicit financial flows after finding that the country failed to effectively deal with money-laundering and financing of terrorism. “Government has introduced new laws to address FATF findings and enhance its capacity to prosecute financial crimes. The regulation of trusts bill seeks to regulate the establishment of trusts and provide for legislative measures on par with the current socio-economic, jurisprudential and practical landscapes in which trusts are created and operated,” said Lamola.
“Additionally, the SIU and the Council for Scientific and Industrial Research are collaborating to enhance the use of technology to fight the scourge of corruption and maladministration in the country. “The department is committed to developing partnerships in the public service, the private sector, professional bodies, media and international networking to mobilise all sectors to engage in the fight against corruption.”
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