The role of the South African regulatory authorities in combating money laundering and terrorist financing perpetrated through alternative remittance systems

Money Service Businesses provide people and institutions with a way to send money (remit) from one place to another. This service is most often associated with migrants, who typically wish to send money or value home. Remittances can be sent both on a domestic and on a cross-border basis. The methods used to remit money or value can be used for both legitimate and illegal purposes. The question posed by this research is whether the Money Service Businesses that operate in South Africa and provide crossborder remittance services are adequately regulated, to ensure that it is not used for the purposes of money laundering and/or terror financing. Copyright

Grantor dc:publisher

University of Pretoria

Year dc:date.issued

2010

Advisor dc:contributor.advisor

• Du Plessis, Danie E.

• Remittance
• South African Reserve Bank (SARB)
• Money service business
• Regulation
• Alternative remittance systems
• Money laundering
• Financial intelligence centre
• Financial services board
• Migrants
• Terror financing
• UCTD

Statement dc:rights

• © 2010, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.

Dc Identifier Other

F10/549/gm

OAI identifier oai:identifier

oai:repository.up.ac.za:2263/27922