Implementing unexplained wealth orders in South Africa – what are the options? release_2efcybnwpvf4be6fixsi4ij3iq

by Jacqui-Lyn McIntyre, Duane Aslett, Nico Buitendag

Published in Journal of Money Laundering Control by Emerald.

2022  

Abstract

<jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> This paper aims to focus on the use of unexplained wealth orders (UWOs) in South Africa as a civil method to act upon lifestyle audit results that have indicated wealth from unknown, possibly unlawful, sources. </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> This paper applied a comparative methodology. Legislation and the application of UWOs in Ireland, the UK and Australia were compared with the situation in South Africa. </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> It is proposed that South Africa includes UWO legislation within its Prevention of Organised Crime Act or be established as a separate piece of legislation. Also, South Africa should follow both the civil and criminal route to target the proceeds of crime. </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> Corruption in South Africa is rampant and, without the necessary legislation, impossible to fight. For these purposes, this paper proposes measures to be used from a civil forfeiture perspective. </jats:sec>
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