More concerted efforts, advanced technology needed to combat slavery, human trafficking

As over 84 economies have established fast- or instant-payment networks, it should be assumed that financial crime has gone real-time too.

Available in SA through Bateleur Software, the platform enables governance and policy management, to keep pace with changing legislation and ensure compliance.

Three trends have emerged in the financial crime compliance space – sanctions circumvention, trade-based money laundering and money laundering using crypto-currency.