CONFRONTING THE PROCEEDS OF CRIME IN SOUTHERN AFRICA

This introduction to Monograph No 132 examines the evolution of anti-money laundering (AML) and combating the financing of terrorism (CFT) frameworks in southern Africa between 2002 and 2007. It details the shift from a low level of awareness to the adoption of legislation influenced by the Financial Action Task Force (FATF) and United Nations conventions, focusing on structures of prevention, law enforcement, and international cooperation.

• Between 2002 and 2006, southern African countries shifted from a limited understanding of money laundering risks to adopting formal legislation. By August 2006, Malawi adopted a bill against money laundering and the financing of terrorism, following similar legislative actions by South Africa, Mauritius, Zambia, Botswana, and Zimbabwe.
• The regional legal frameworks for confronting the proceeds of crime are heavily based on international standards, specifically the recommendations of the Financial Action Task Force (FATF) and the United Nations Convention Against Transnational Organised Crime.
• Anti-money laundering mechanisms are organized into three primary structures: prevention, law enforcement, and international cooperation. Prevention focuses on 'gatekeepers' like banks to identify suspicious transactions; law enforcement involves criminalizing money laundering and confiscating proceeds; and international cooperation relies on intelligence sharing and reciprocity, supported by bodies like the Eastern and Southern African Anti-Money Laundering Group (ESAAMLG) and the SADC Banking Council.
• The document identifies specific national challenges: Zambia's regulatory and institutional frameworks are described as 'still deficient'; Zimbabwe's money laundering often involves intermediary institutions that are either corrupt from inception, infiltrated by rogue employees, or unwittingly facilitate transactions; and Namibia's experience shows that determining if an institution was created for criminal enterprise often only happens in retrospect.

APA

Goredema, C. (2007). CONFRONTING THE PROCEEDS OF CRIME IN SOUTHERN AFRICA. Institute for Security Studies. https://issafrica.org/topics/organised-crime/01-may-2007-monograph-no-132-confronting-the-proceeds-of-crime-in-southern-africa-an-introspection-edited-by-charles-goredema/introduction

Chicago

Goredema, Charles. CONFRONTING THE PROCEEDS OF CRIME IN SOUTHERN AFRICA. Institute for Security Studies, 2007. https://issafrica.org/topics/organised-crime/01-may-2007-monograph-no-132-confronting-the-proceeds-of-crime-in-southern-africa-an-introspection-edited-by-charles-goredema/introduction.

Wikipedia

{{cite report |last1=Goredema |first1=Charles |title=CONFRONTING THE PROCEEDS OF CRIME IN SOUTHERN AFRICA |publisher=Institute for Security Studies |date=May 2007 |url=https://issafrica.org/topics/organised-crime/01-may-2007-monograph-no-132-confronting-the-proceeds-of-crime-in-southern-africa-an-introspection-edited-by-charles-goredema/introduction |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{goredema2007confronting, author = {Goredema, Charles}, title = {{CONFRONTING THE PROCEEDS OF CRIME IN SOUTHERN AFRICA}}, institution = {Institute for Security Studies}, year = {2007}, month = may, url = {https://issafrica.org/topics/organised-crime/01-may-2007-monograph-no-132-confronting-the-proceeds-of-crime-in-southern-africa-an-introspection-edited-by-charles-goredema/introduction}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }