South Africa’s exposure to illicit financial flows (IFF) via trade and payments is material, cross-border, and multi-channel. External evidence highlights commodity-centric risks – especially gold – and persistent partner country discrepancies characteristic of trade mis-invoicing. Supervisory insights, aggregated from anonymised bank returns, show how value moves through the regulated sector on high-velocity retail rails, via cards and E F Ts, and along trade payment

Africa’s ambition to deepen regional integration and expand intra-African trade depends not only on the movement of goods, services and capital, but also on the ability to establish trust across borders. For financial institutions, knowing who a customer is – remains fundamental to maintaining the integrity of the financial system. Yet increasingly digital and cross-border financial activity is exposing the

The South African Banking Risk Information Centre (SABRIC) is pleased to announce the publication of its 2025 Annual Banking Crime Statistics Report. The report will be made available through SABRIC’s official communication channels, including the SABRIC website and social media platforms, and will also be distributed to media houses across South Africa. The annual report is one of the most important publications produced