The efforts on crime prevention are now compounded by globalization that has created what one may say is a global economy in which organized crime groups and individuals can and do generate huge sums of money by drug trafficking, financial crime, corruption, intellectual property crime, terrorism and human trafficking. Crime and money laundering is indeed a global problem which requires a concerted global response.
At this stage, South Africa has no effective exchange controls any more on: • •  current account transactions of the balance of payments; or the inward or outward transfer of funds owned by non-residents.