Financial Intelligence Centre

There is a bill being tabled for comment that suggests the Financial Intelligence Centre might have a future role in providing data needed for financial disclosures, which is a positive development to fill current data gaps.

“there is a bill... that suggests that the FIC might have a future role in providing the data needed for financial disclosures... I think that is a very positive development... important to start filling in those gaps of what kind of data is needed to properly and fully verify these disclosures.”

The investigation into the complaint against Warrant Officer Sander was conducted in line with the Financial Intelligence Centre (FIC) and involved a Risk and Integrity Management section.

“When we conduct investigation in the DPCI, there are different things that we do. You will realise that on paragraph 4, it talks about the investigation that was conducted in line with the FIC, Financial Intelligence Centre.”

The disciplinary issue against Warrant Officer Sander, finalised through recommendations by the FIC, does not necessarily indicate criminal conduct as depicted in the original complaint.

“These issues that I heard does not necessarily indicate that the criminal conduct as it is depicted in the complaint, it has been finalised. The certain sections that are directing us towards that were finalised, but not the actual criminal conduct as per the original complaint, Commissioners.”

Warrant Officer Sanders has 12 different calibre firearms registered in his name and is a director of at least one entity; a request for information on his entity was forwarded to the Financial Intelligence Centre (FIC).

“Warrant Officer Sander ’s profiling , revealed that he has 12 different calibre firearms registered on his name , licence holder . He serves in a position of director , at least one entity and a request for information on his entity was forwarded to Financial Intelligence Centre”

Financial Intelligence Centre (FIC) analysis showed that Warrant Officer Karl Sander's request had financial footprints with various banking institutions in South Africa, linked him to one business entity, three individuals, one vehicle, and one immovable property.

“Final analysis by FIC ... it was deduced that the subject request had financial footprints with various banking institutions in South Africa ... linked to one business entity ... three individuals ... one vehicle and one immovable property”

Financial Intelligence Centre recommended the request be scrutinized for further investigation on possible criminal and/or illegal activities by Warrant Officer Sander and to identify additional suspects.

“following recommendations are to be considered . That this request be scrutinised for further investigation on possible criminal and / or illegal activities perpetrated by the subject based on the information outlined in this report and to identify additional suspects that may be involved in such activity”

The Financial Intelligence Centre found no suspicious or unusual transaction reports linked to Warrant Officer Karl Sander under sections 28 and 29 of the FIC Act and no unusual transactions on bank accounts obtained via section 05.

“The FIC received no suspicious and unusual transaction reports with reference to section 29 of the FIC Act related to the subject , Karl Sander . FIC received no cash threshold reports with reference to section 28 of the FIC Act ... No unusual or suspicious transactions found on the suspect ’s bank accounts records obtained through section 05”