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Absa Group contributes to the SAMLIT EWG Corruption report

30 November 2023

Absa is proud to have played a leading role in the Corruption Expert Working Group (EWG) tasked with conducting essential research in support of raising awareness about the increase in the prevalence of corruption and, ultimately, avoiding its institutionalisation in South Africa.

The South African Anti-Money Laundering Integrated Task Force (SAMLIT) was formulated through a collaborative effort between the banking sector and government regulatory authorities to assess the potential adverse effects on South Africa’s financial system, the erosion of its democracy, and the exacerbation of persistently increasing poverty levels. The Expert Working Group, chaired by Absa Group colleagues, was then commissioned to deliver a report that will provide an understanding of the far-reaching impact of corruption in South Africa and how to better combat it. Following an intense 24 months of research, investigations and collaboration, the EWG successfully published a report detailing their findings.

Our role in this initiative is further testament to our commitment to be an active force for good.

To download the full report please visit https://www.sabric.co.za/industry-information/samlit/

30 November 2023

Absa is proud to have played a leading role in the Corruption Expert Working Group (EWG) tasked with conducting essential research in support of raising awareness about the increase in the prevalence of corruption and, ultimately, avoiding its institutionalisation in South Africa.

The South African Anti-Money Laundering Integrated Task Force (SAMLIT) was formulated through a collaborative effort between the banking sector and government regulatory authorities to assess the potential adverse effects on South Africa’s financial system, the erosion of its democracy, and the exacerbation of persistently increasing poverty levels. The Expert Working Group, chaired by Absa Group colleagues, was then commissioned to deliver a report that will provide an understanding of the far-reaching impact of corruption in South Africa and how to better combat it. Following an intense 24 months of research, investigations and collaboration, the EWG successfully published a report detailing their findings.

Our role in this initiative is further testament to our commitment to be an active force for good.

To download the full report please visit https://www.sabric.co.za/industry-information/samlit/