Financial Fraud Archives

News Watch

SA marks one year on the FATF grey list

South Africa’s journey since being placed on the Financial Action Task Force (FATF) grey list on 24 February 2023 has been a challenging but...

DatanamixFebruary 27, 2024

Commissioner of the South African Revenue Service Edward Kieswetter

News Watch

How SARS used AI and proactive measures to claw back R210bn this tax year

Last year, the Minister of Finance allocated R1-billion a year (over three years) to the SA Revenue Service (SARS) for its modernisation programme. SARS commissioner Edward...

DatanamixFebruary 27, 2024

Confidential out-of-court settlement between VBS and KPMG was R500m: source

News Watch

Confidential out-of-court settlement between VBS and KPMG was R500m: source

Daily Maverick can disclose that the undisclosed controversial out-of-court settlement between auditor KPMG and the liquidator of VBS Bank, Anoosh Rooplal, was R500-million. News...

DatanamixFebruary 20, 2024

SIU recovered over R700 million of NSFAS

News Watch

SIU recovered over R700 million of NSFAS funds from institutions

The Special Investigations Unit (SIU) has recovered more than R700 million of National Student Financial Aid Scheme (NSFAS) funds from various institutions of higher...

DatanamixFebruary 20, 2024

News Watch

SAP to pay R2.2bn in ‘restitution’ to SA government after admitting to bribes

Law-enforcement agencies have expressed hope for more coordinated international efforts to combat corruption after global software giant SAP agreed to pay R2.2 billion in...

DatanamixFebruary 20, 2024