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Customer due diligence as a countermeasure against money laundering in South Africa
The purpose of this research is to discuss customer due diligence as a countermeasure against money laundering in South Africa. After setting out the meaning of and background to money laundering as financial crime, the discussion considers various anti-money laundering initiatives, such as South African statutes and international best practice. The latter serves as foundation to consider customer due diligence more closely, including an explanation of the risk-based approach and the manner in which customer due diligence is conducted. Conclusions are then drawn regarding the importance of customer due diligence, along with certain recommendations.
Description:
Mini Dissertation (LLM (Mercantile Law))--University of Pretoria, 2021.