Social clubs: A haven for money laundering?

Larona Seribe
Larona Seribe

Money laundering is the process of cleaning dirty money by using legitimate businesses or facilities to disguise the true ownership and the origin of funds from criminal proceeds.

This process enables the criminals to enjoy these proceeds without exposing their source.

There are three stages of laundering money:

Editor's Comment
Let the law take its course

When the news broke, a fierce debate ensued. While some members of the public believe that the law should take its cause, there is a section of the population that believes the move to detain the MP is politically motivated.Matsheka has been in the custody of the Directorate of Intelligence and Security since August 2 and the warrant of arrest was allegedly obtained on August 4, two days later.The issue of alleged ritual murders has never been an...

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