Speaker, South Africa seems disinterested in exercising the political will to tackle the problem of illicit financial flows. The Deputy President said, in the NCOP, that capital flows are necessary for economic growth and that the Reserve Bank and Sars regularly monitor the inflows and outflows of capital.
Illicit financial flows also relate to and fund human trafficking, possible terrorism networks and other illegal activities. Given recent reports that have painted South Africa as a hive of terrorist activity with wanted militants freely going about their business in the country, how and why have our financial intelligence services, police, security and intelligence services not prioritised the goal of shutting down these illicit financial flow conduits in the country? Thank you.