The number of reported suspicious and unusual transactions (STRs) - financial transactions which raise suspicion of money laundering and terrorism financing - has increased significantly from 288 000 in 2018 to about 300 000 in 2019.
These figures are contained in the Financial Intelligence Centre's (FIC) latest annual report, published in November.
The head of forensics at ENSafrica who is also an expert in fraud, corruption and money-laundering - Steven Powell - said the increase in the number of reported suspicious and unusual transactions was significant.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Next on News24
Murray murders: Inside police investigation and turf wars that have delayed justice
06 Apr