Financial Crime World

Reporting Financial Crime in South Africa: A Guide

Overview

Financial crime is a significant concern in South Africa, with various forms of corruption and bribery affecting individuals and businesses across the country. The South African government has implemented laws and regulations aimed at preventing and combating financial crime.

What Constitutes Financial Crime in South Africa?

Types of Financial Crime

  • Fraud: This refers to the intentional making of a misrepresentation that causes actual or potential prejudice to another person. Fraud can be committed through verbal or written statements, documents, electronic communication, or conduct.
  • Corruption and Bribery: These involve the acceptance or offering of gratification in exchange for acting in a manner that is illegal, dishonest, unauthorized, incomplete, or biased.
  • Forgery and Uttering: This refers to the unlawful making or presenting of false documents with the intention to defraud.
  • Theft: The unlawful appropriation of movable corporeal property belonging to another with the intent to deprive the owner permanently of the property.

How to Report Financial Crime in South Africa

To report financial crime in South Africa, follow these steps:

Reporting Process

  1. Gather evidence: Collect any relevant information or documentation that supports your claim.
  2. Identify the relevant authority: Depending on the nature of the financial crime, you may need to report it to the South African Police Service (SAPS), the National Prosecuting Authority (NPA), or the Financial Intelligence Centre (FIC).
  3. Contact the relevant authority: Reach out to the designated contact person or department and provide them with your evidence.
  4. Follow up: Ensure that your complaint is being investigated by following up with the relevant authority.

Additional Resources

For more information on reporting financial crime in South Africa, you can visit the following websites: