the monitor

The ugly side of cash transactions

Lame Seribe
Lame Seribe

Every jurisdiction has a cash threshold limit as per its risk-based matrices to ensure that measures to mitigate Money Laundering, Terrorist, and Proliferation Financing (ML/TF/PF) are within the national risk appetite.

The cash threshold refers to the total amount that an individual or entity can receive, carry around, or payout in the form of cash.

Cash transaction makes the first stage of money laundering known as Placement practical.

Editor's Comment
Child protection needs more than prevailing laws

The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...

Have a Story? Send Us a tip
arrow up