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Sasfin Bank controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2022

    Allegations concerning Gold Leaf Tobacco Corporation transactions

    South African media reported that the South African Revenue Service had found evidence suggesting that Sasfin employees helped facilitate the laundering and illegal transfer of approximately R3 billion out of South Africa on behalf of Gold Leaf Tobacco Corporation. Sasfin said it would cooperate with authorities, closed the company's account, and suspended two employees. The reported claims should be distinguished from a final judicial finding.

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