SA's battle against financial crime – legislative strength vs implementation weakness

In this compelling episode of ‘Money Markets and Masterminds’, we delve into the complexities of white-collar crime in South Africa: its profound economic impacts, the ongoing struggle to restore investor confidence and the urgent need for a multifaceted approach to address these crimes.Our expert guest Cameron Dunstan-Smith breaks down the crucial legislation aimed at combating corruption, including, but not limited to, the Prevention and Combating of Corrupt Activities Act and the Criminal Procedure Act.Despite robust legal frameworks, he said the challenge remains around effective implementation. Dunstan-Smith is a partner at Herbert Smith Freehills, a global law practice and he heads the Corporate Crime and Investigations unit at its Johannesburg office.He has specialised in investigations and compliance for the past 17 years and his experience includes investigating corruption, fraud, bribery and anti-money laundering matters. He has also worked in multiple African and other international jurisdictions and provided advice to regulators in South Africa, the US and the UK. Tune in to our latest episode below for insights into the intricacies of South Africa’s legal battles and what it means for business and the economy at large. Also learn how financial crimes have evolved in the digital age and how following or even finding the money is going to become even more complicated than before.