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Section 34 – The Duty to Report Corrupt Transactions

Section 34 – The Duty to Report Corrupt Transactions

The Prevention and Combatting of Corrupt Activities Act, Act12 of 2004 (“PRECCA”) has made it a requirement to report certain actual or suspected crimes. This memorandum sets out high level guidance for public officials, executives, non-executive directors and audit committees to understand the reporting obligations. We have included information provided by the Directorate for Priority Crime Investigation (DPCI also known as the HAWKS) and practical observations by KPMG Forensic gained from assisting organisations to make reports under PRECCA.

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Section 34 – The Duty to Report Corrupt Transactions

Section 34 – The Duty to Report Corrupt Transactions

The Prevention and Combatting of Corrupt Activities Act, Act12 of 2004 (“PRECCA”) has made it a requirement to report certain actual or suspected crimes. This memorandum sets out high level guidance for public officials, executives, non-executive directors and audit committees to understand the reporting obligations. We have included information provided by the Directorate for Priority Crime Investigation (DPCI also known as the HAWKS) and practical observations by KPMG Forensic gained from assisting organisations to make reports under PRECCA.

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<p>© 2018 KPMG Services (Pty) Limited, a South Africa private company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.</p> <p>KPMG International Cooperative (“KPMG International”) is a Swiss entity. &nbsp;Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.</p>

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