BIS Review 76/1999  2  (iii) The expansion of training facilities for central bankers in the region The South African Reserve Bank expanded its Training Institute to accommodate participants from the other central banks of SADC.
Money laundering not only destroys the fairness and equality principle of market economy, disturbs orderly competition, damages reputations and normal operations of financial institutions, threatens the soundness and safety of financial systems, but also becomes the source of corruption and erodes the social fundamental institutions. To be more troublesome, money laundering and terrorist financing have interlaced with each other and threatened global security.