FIC delivers 3 144 reports in fight against crime

The Financial Intelligence Centre (FIC) this week said it recovered more than R5-billion in criminal assets during the 2021/22 financial year.

The entity, which works with law enforcement, revenue authorities, intelligence services, supervisory bodies, and other authorities is central to identifying proceeds of crime and assisting in combating money laundering and the financing of terrorism.

“Using the regulatory reports it received from accountable and reporting institutions and other data, the FIC produced 3114 financial intelligence reports during 2021/22,” the entity said.