How to fix state capture, according to Lord Hain

PREMIUM!
How to fix state capture, according to Lord Hain

British lawmaker Peter Hain testifies at the State Capture Commission in Parktown, 18 November 2019. Picture: Neil McCartney

The House of Lords peer and anti-apartheid activist gave his recommendations at the Zondo commission on Monday.

Tightening international cooperation is among concrete remedial measures proposed by United Kingdom (UK) House of Lords peer and anti-apartheid activist Peter Hain to governments, international law enforcement agencies and corporates, to stamp out the scourge of state capture – a phenomenon which has adversely crippled economies of emerging countries. Testifying on Monday before Deputy Chief Justice Raymond Zondo at the Commission of Inquiry into State Capture, Hain recommended: Increased transparency on the beneficial owners of corporates by strengthening the programme for auditing the due diligence conducted by banks and professional enablers, to ensure that they fully complied with anti-money laundering...




today in print