Enhancing Private-Private Information Sharing in South Africa to Disrupt Economic Crime
An estimated €4 trillion is laundered annually worldwide, with only around 1-2 per cent successfully confiscated under existing compliance frameworks.
South African Banking Risk Information Centre
Company · SO · 1 documents
Key number
€4 trillion EUR
Estimated annual global money laundered. Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad p.4
Key number
€100-150 billion EUR
Annual global banking expenditure on AML compliance staff and technology. Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad p.4
Key number
2,169 incidents
SABRIC ATM incidents resolved through real-time information sharing in 2024. Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad p.15