{"id":104300,"date":"2017-11-06T18:47:42","date_gmt":"2017-11-06T16:47:42","guid":{"rendered":"http:\/\/www.myza.co.za\/south-africa-shows-why-collaboration-is-key-to-tackling-global-crime-networks-the-conversation\/"},"modified":"2017-11-06T18:47:42","modified_gmt":"2017-11-06T16:47:42","slug":"south-africa-shows-why-collaboration-is-key-to-tackling-global-crime-networks-the-conversation","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africa-shows-why-collaboration-is-key-to-tackling-global-crime-networks-the-conversation\/","title":{"rendered":"South Africa shows why collaboration is key to tackling global crime networks | The Conversation"},"content":{"rendered":"

South Africa shows why collaboration is key to tackling global crime networks<\/a>: <\/p>\n

South African President Jacob Zuma. Mounting allegations of corruption at home are having international repercussions. <\/span> Reuters\/Mark Schiefelbein<\/span><\/span><\/figcaption><\/figure>\n

Lord Peter Hain tabled a series of allegations in the UK\u2019s House of Lords relating to the possible role of British banks in alleged money laundering and illicit financial transactions centred around South Africa\u2019s President Jacob Zuma and the Gupta family. The Conversation Africa\u2019s Charles Leonard asked him to explain why he took the step. Hain, who was a vocal anti-apartheid activist, was born in South Africa but grew up in the UK. He is a visiting adjunct professor at the University of the Witwatersrand\u2019s Business School.<\/em><\/p>\n

In the House of Lords you said the illicit transactions were \u201cpart of a flagrant robbery of South African taxpayers\u201d. What do you mean by this?<\/strong><\/p>\n

As I explained in my speech, the Guptas, a family from India that relocated to South African have, with the connivance of the South African Presidency, been getting government contracts and allegedly thereby robbing taxpayers of billions.<\/p>\n

On regular visits to South Africa \u2013 most recently last month \u2013 I have been stunned by the systemic transnational financial network facilitated by the Guptas and the presidential family, the Zumas. If there had been more proactive and genuine cooperation between the multi-jurisdictional law enforcement agencies \u2013 and within and between the banks, which have been moving money for the alleged Gupta\/Zuma laundering network \u2013 the devastation wrought on South Africa could have been significantly reduced. And perhaps, the financial institutions involved would have been better able to mitigate their exposure.<\/p>\n

So does it point to South Africans benefiting from the illicit transactions?<\/strong><\/p>\n

I had delivered by hand to Philip Hammond, the Chancellor of the Exchequer, printouts of transactions, and named a British bank concerned. I asked that he again refers these to the UK\u2019s Serious Fraud Office, the National Crime Agency and the Financial Conduct Authority for investigation. <\/p>\n

This information allegedly shows illegal transfers of funds from South Africa made by the Gupta family over the last few years from their South African accounts to accounts held in Dubai and Hong Kong. Many of the transactions are legitimate. But many certainly are not.<\/p>\n

The illicit transactions were flagged internally in the bank concerned as suspicious. But I am reliably informed that the bank was told by the UK headquarters to ignore it. That is an iniquitous breach of legal banking practice in the UK, which I trust ministers would never countenance. It is also an incitement to money laundering. This has self-evidently occurred in this case, sanctioned by a British bank, as part of the flagrant robbery of South African taxpayers. They have lost millions of pounds and many billions of their local currency, the rand.<\/p>\n

Was there a specific event that triggered your request to the Chancellor?<\/strong><\/p>\n

I was asked by senior African National Congress figures and stalwarts to do this. My relationships with them go back more than half a century when we stood shoulder to shoulder fighting apartheid.<\/p>\n

As before, my latest information has been supplied by South African whistle-blowers deep inside the system who are disgusted by the corruption at the heart of the state.<\/p>\n

What do you hope to achieve?<\/strong><\/p>\n

There are disturbing questions around the complicity \u2013 witting or unwitting \u2013 of UK global financial institutions in the Gupta\/Zuma transnational network. There are also disturbing questions about these institutions\u2019 wilful blindness to the reality that the laundering process often necessitates financial systems with lax regulation and controls. Unless we urgently find ways to leverage our respective capabilities to coordinate and influence action between the law enforcement and banking sectors we cannot win this battle. This coordination needs to happen domestically here in the UK as well as globally.<\/p>\n

Unless we use the opportunity to crack down meaningfully, those who want to break the law will always be one step ahead. We must therefore get the international authorities to close down any money laundering networks. <\/p>\n

As someone who fought against apartheid, how do you feel about having to take up a campaign against the country\u2019s democratically elected government?<\/strong><\/p>\n

Having been active along with my brave parents in the anti-apartheid struggle it\u2019s painful for me to witness corruption within a monopoly capital elite around Zuma\u2019s family and their close associates the Gupta brothers.<\/p>\n

But we should look closer to home, here in the UK. The complicity of our financial institutions in this, as well as the responsibility of law enforcers and regulators in all the concerned jurisdictions, should make government ministers and parliamentarians hang their heads in shame. Just as they were complicit in sustaining apartheid, so today they are complicit in sustaining the corrupt power elite in South Africa which is now betraying the legacy of Nelson Mandela and the anti-apartheid struggle.<\/p>\n

Winning the war against financial crime will require coordination, influence, action and accountability between multi-jurisdictional law enforcement agencies. The success of criminal networks also relies on the action or inaction \u2013 and cooperation or non-cooperation \u2013 of the relevant law enforcement authorities.<\/p>\n

\"The <\/p>\n

The son of South African-born anti-apartheid activist parents who, after being jailed, banned, were then forced into exile in 1966 when he was aged 16, Peter Hain led British campaigns to disrupt white-only South African sports tours from 1969. In December 2015 he was presented with South Africa's National Award, the OR Tambo in Silver, for his 'most excellent contribution to the liberation struggle'. He is Vice-President of Britain's Action for Southern Africa and Chair of the Donald Woods Foundation, a charity based at Hobeni in the Transkei and Visiting Professor at Wits Business School. A Labour member of the House of Lords since 2015, he was an MP for 24 years and government minister for 12 years <\/span><\/em><\/p>\n

Source:<\/strong> The Conversation \u2013 Articles (AFRICA)<\/a><\/small>
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South Africa shows why collaboration is key to tackling global crime networks: South African President Jacob Zuma. Mounting allegations of corruption at home are having international repercussions. Reuters\/Mark Schiefelbein Lord Peter Hain tabled a series of allegations in the UK\u2019s House of Lords relating to the possible role of British banks in alleged money laundering […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[428,5081,8890,1728,377,11434,3749,3576,19601],"class_list":{"0":"post-104300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-africa-news-2","7":"tag-africa","8":"tag-collaboration","9":"tag-conversation","10":"tag-crime","11":"tag-global","12":"tag-networks","13":"tag-shows","14":"tag-south","15":"tag-tackling","16":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/104300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=104300"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/104300\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=104300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=104300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=104300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}