Barbara Curson
3 minute read
1 Mar 2021
9:37 am

Cracking down on tax, financial crime enablers

Barbara Curson

SA has the legal framework, but action of disrupting enablers not off the ground yet.

Image: iStock

Lawyers, accountants, and financial institutions will have to face the consequences for enabling tax and financial crimes as regulators now have the means to not only detect wrongdoing, but also hold them to account for their illegal actions. The Organisation for Economic Co-operation and Development (OECD), an international organisation that promotes “better policies for better lives”, published a comprehensive report on Thursday, titled Ending the Shell Game: Cracking Down on the Professionals Who Enable Tax and White Collar Crimes. It is a toolkit for governments, explaining the role of professional enablers, how to identify them, the tools of their trade,...