CAPITAL EQUIPMENT
Capital equipment dealers in the compliance crosshairs
Construction equipment dealers and capital equipment suppliers have not suddenly become targets for money laundering in South Africa. According to Hawken McEwan, Director of Risk & Compliance at nCino KYC, they have always been in criminals’ sights - the difference now is that the spotlight is firmly on them. Wilhelm du Plessis reports “T he risk might not be obvious at first,” McEwan explains. “Why would a crimi- “Why would a criminal want a drilling rig or an excavator? But once you start thinking about money laundering not just as cash in a suitcase, but as the movement of value, it becomes clearer.”
nal want a drilling rig or an excavator? But once you start thinking about money laundering not just as cash in a suitcase, but as the movement of value, it becomes clearer.” High-value machinery provides exactly what launderers need: a mechanism to move large sums of money and change
Hawken McEwan, Director of Risk & Compliance at nCino KYC.
8
CAPITAL EQUIPMENT NEWS APRIL 2026
Made with FlippingBook flipbook maker