South Africa’s financial disclosure system for public servants contains major loopholes that allow corrupt officials to conceal assets, interests and illicit wealth, the Madlanga Commission heard. World Bank anti-corruption expert Dr Albertus Schoeman warned that the exclusion of family members and beneficial ownership from disclosure requirements undermines efforts to detect conflicts of interest, money laundering and corruption, while highlighting the need for stronger verification, sanctions and an expanded eDisclosure system.

Dr Albertus Schoeman from the World Bank exposes critical loopholes in South Africa's financial disclosure system for public servants, highlighting urgent reforms needed to combat…

Dr Albertus Schoeman from the World Bank exposes critical loopholes in South Africa's financial disclosure system for public servants, highlighting urgent reforms needed to combat…

South Africa’s financial disclosure system for public servants contains major loopholes that allow corrupt officials to conceal assets, interests and illicit wealth, the Madlanga…