Special Investigating Unit

Zondo at Your Fingertips: new book offers an accessible and condensed version of South Africa's ambitious corruption inquiry

Retrieved on: 
Dimanche, juillet 2, 2023

No one except academics will read the commission’s 4,750 page report, but many will read Holden’s book, Zondo at your Fingertips.

Key Points: 
  • No one except academics will read the commission’s 4,750 page report, but many will read Holden’s book, Zondo at your Fingertips.
  • Holden is a former director of investigations at Corruption Watch, the South African corruption watchdog.
  • He has worked with the investigative organisations Shadow World and Open Secrets for many years.
  • Holden has written a good and solid book, selecting and explaining the significant Zondo findings.

How the story is told

    • The commission’s 19-volume report totals 4,750 pages.
    • It heard 300 witnesses over 400 days of hearings, spread over four and a half years between 2018 and 2021.
    • How South Africa stacks up

      The book is well structured in 10 parts.

Commissions of inquiry

    • The most ambitious commission of inquiry set up in South Africa was the Truth and Reconciliation Commission.
    • The great majority of the recommendations of commissions of inquiry, such as the Farlam Commission into the massacre of striking miners and other killings at Marikana, North West province in 2012, remain unimplemented and ignored by the government.
    • Sceptics argue that commissions of inquiry merely provide governments with a pretext to stall any remedial actions for years, until the politics of the front page has moved onto other issues.

Recommendations

    • Holden notes that the Zondo Commission made a number of recommendations.
    • Key among these are to professionalise all appointments to the boards of state-owned enterprises, and prevent cabinet ministers from appointing political cronies and other unqualified or compromised persons.

ACAMS FinTech and Crypto Summit Takes Aim at Financial Crime with Expert Speakers from SEC, NYSDFS, and More

Retrieved on: 
Mercredi, juin 14, 2023

WASHINGTON, June 14, 2023 /PRNewswire/ -- To help anti-financial crime (AFC) professionals navigate the perils and promises of technology in the fight against illicit finance, ACAMS will host a special training and networking event for its 4th FinTech and Crypto Summit. Beginning on June 27th, attendees of this Austin, TX-based event will learn the latest industry guidance on a broad array of AFC issues, including practical takeaways on complying with evolving federal and state regulatory priorities, strategies to identify peer-to-peer fraud via payment apps, and mitigating terrorism-financing and sanctions-evasion risks linked to digital assets and blockchain technology.

Key Points: 
  • "As FinTech firms and cryptoasset companies continue to drive change in the financial sector, it's critical that they understand evolving AFC regulations and rising industry expectations in the fight against illicit finance," said ACAMS CEO Scott Liles.
  • "The ACAMS FinTech and Crypto Summit is a platform for the best and brightest in this space to share their compliance recommendations and drive public- and private-sector dialogue that can ensure the sector not only weathers economic downturns but thrives in the years ahead."
  • "Whether you're researching the hurdles of obtaining a FinTech bank charter, assessing the lessons of recent scandals in the crypto sector, or seeking to understand the impact of recent innovations in artificial intelligence, this event offers practical steps on your path to success," he said.
  • Find out more about the ACAMS FinTech and Crypto Summit, including how to register, here: https://www.acams.org/en/events/conferences/acams-fintech-crypto-summit
    Members of the media who wish to attend in person, can email their request directly to Lashvinder Kaur at [email protected] .