ComplianceOnline

Course Description:

The existence of various conventions such as the UNCAC and AUCPCC conventions to eliminate corruption and money laundering indicate consensus for concerted action to tackle corruption, and stem global money laundering and IFFs (illicit financial flows). However, the reality is that the tasks involved in combating these threats have become more complex. The minimum that state parties can do is to comply with their obligations, under the watchful monitoring of the citizens to whom they are accountable. At the same time, it is clear that state institutions are unlikely to be able to fully discharge their mandates without the collaboration and assistance of various non-state actors, including organized business.

This 2-day intensive course will examine the role of these conventions and what they require of various stakeholders. It will seek to stimulate an analysis of the extent to which the conventions have been domesticated, and are being complied with. Using case studies and empirical evidence, participants will be required to determine the impact that the measures derived from these conventions have had on IFFs.



Learning Objective:

Upon completing this course, participants will:

  • Gain an understanding of the current definitions of money laundering, illicit financial flows and corruption
  • Gain insight on the main frameworks in use against money laundering and corruption in African countries
  • Appreciate the risks, both inherent and emanating from corruption, that impact the effectiveness of strategies against money laundering and corruption
  • Evaluate the effectiveness, suitability and adaptability of current strategies to reduce illicit financial flows
  • Recognise the main areas of public administration and law enforcement to pay attention to in monitoring compliance by state parties with UNECA and the AUCPCC
  • Identify the impediments to the alignment of policies and strategies to stem IFFs from Africa
  • Be able to evaluate the impact of strategies against corruption and money laundering on IFFs


Who will Benefit:

This course is designed for people tasked with developing, maintaining and/or improving policies against money laundering and corruption. The study of IFFs is relatively new in Africa. The course is intended to stimulate interest in this area, for participants involved in diverse spheres such as taxation, banking, forensic auditing and the regulation of financial intermediaries. Individuals with strategic planning responsibilities in law enforcement will also benefit, as will social activists and researchers. The following personnel will benefit from the course:

  • Tax practitioners
  • Policy makers from national legislatures and government departments
  • Regulatory professionals
  • Compliance professionals from financial institutions
  • Chambers of business
  • Strategic level law enforcement officers
  • Forensic auditors
  • Applied policy researchers
  • Academics
  • Post-graduate students
  • International development partners


Topic Background:

Money laundering and illicit financial flows (IFFs), of which money laundering forms a central element, are universally acknowledged to be serious global threats. Both occur in regional and global terrains that are constantly changing, and often exploit opportunities thrown up by development or created by criminals. Grand corruption and tax evasion serve as prominent drivers and facilitators of money laundering and IFFs. Cross border outflow of proceeds of economic crime can go in many directions, and are usually more complex to detect, track and recover. The use of tax havens to facilitate and conceal proceeds of crime and IFFs is a recurrent issue. Successful strategies to combat money laundering and IFFs need to be well informed, dynamic and adaptive.

There have been various international initiatives to stem corruption and the flow of proceeds of corruption and other economic crimes. Key among them is the United Nations Convention Against Corruption (UNCAC), which calls upon state parties to “prevent corruption involving the private sector, enhance accounting and auditing standards in the private sector and, where appropriate, provide effective, proportionate and dissuasive civil, administrative or criminal penalties for failure to comply with such measures.” UNCAC further urges civil society to create anti-corruption awareness through public information and education programmes that promote transparency, integrity and zero tolerance for corruption. It is complemented by the African Union Convention on Preventing and Combating Corruption (AUCPCC). These instruments seek to align policies and strategies to negate corruption and suppress the laundering of proceeds of corruption, by setting standards by which state parties can be held to account, and fostering the activation of domestic measures and international co-operation against corruption.





Course Outline:

Day 1 (8:30 AM – 4:30 PM) Day 2 (8:30 AM – 4:30 PM)
  • 8:30 – 9:00 AM: Registration
  • 9:00 AM: Session Start Time
  1. Introduction to the Concepts
    1. The various dimensions and scale of money laundering
    2. Corruption
    3. Illicit financial flows and their significance to African economies
    4. Beneficial ownership and abusive transfer pricing
  2. Main Regulatory and Enforcement Frameworks
    1. The anti-money laundering framework
    2. The anti-corruption framework
    3. Frameworks against IFFs
  3. Expectations of the International Conventions
    1. UNCAC and AUCPCC
    2. Trends in uptake and domestication
    3. Global harmonization and expectations regarding peer review
  1. Tracking Illicit Financial Flows: The Challenges
    1. Significance of secrecy jurisdictions and abusive transfer pricing
    2. Tax competition in Africa
    3. Illicit trades
  2. Monitoring Mechanisms
    1. Recent results of the monitoring processes
    2. Successes and failures: case studies
  3. Evaluation of Impact
  4. Questions & Further Discussion





Meet Your Instructor:

Charles Goredema
Senior Research Consultant - Institute for Security Studies

Charles Goredema is a senior research consultant on trends of economic crime in Africa. A lawyer by training, Mr. Goredema’s career includes a stint in the prosecution of economic crime in Zimbabwe. He was admitted to practice law in 1987. He subsequently lectured courses on criminal justice in Zimbabwe and South Africa. After joining the Institute for Security Studies in August 2000, he researched emerging forms of transnational crime and their financial dimensions. He has worked on research and capacity development projects in more than 15 African countries. Mr. Goredema’s findings and remedial suggestions have been shared with policy-makers, regulators, law enforcement practitioners and civil society through briefings, seminars and conferences. Some of them have been published, and can be accessed through various websites. He regularly presents courses at the Botswana Police College and the University of the Western Cape. He has recently revised the African Development Bank’s strategy to combat money laundering and illicit financial flows.






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