Unexplained wealth a red flag for corruption

Unexplained wealth should be treated as a warning sign of possible corruption and referred to law-enforcement agencies for further investigation.

This is according to Financial Intelligence Centre director Bryan Eiseb at a recent African Ombuds Research Centre training session in Windhoek.

He said unexplained wealth shifts attention from the corrupt act itself to the benefits gained from that corruption.

Complaints, investigations, declarations of interest, procurement records and other information that reveal a gap between legitimate income and accumulated assets should be treated as a red flag, he said.