Dec.10,2009

Prime Minister Sibusiso Barnabas Dlamini said banks have reported cases of suspected money laundering to the Central Bank of Swaziland, which has, in turn, handed the list to the ACC for investigation.

Dlamini was speaking during the International Anti-Corruption Celebrations Day held at the Prince of Wales yesterday. The event was hosted by the ACC.

Dlamini encouraged banks to report cases where they suspect corrupt practices. He said there were cases where people bank money which they had accumulated through corrupt practices. He said some even accumulate money through selling drugs.

“Banks and other financial institutions must expose suspected money laundering activities and not be tempted to hide behind secrecy codes. Some banks have already begun reporting such corrupt cases and the list is growing,” he said.

The premier said government, through the commission, was working around the clock to combat corruption in the country.

He commended Parliament for passing the Money Laundering Act, Electronic Evidence Act and the Public Procurement Act that support the work of the ACC.

He said such laws authorised financial institutions to report corrupt practices.