NGOs disappointed with decision not to probe apartheid banks

ENCA | JOHANNESBURG Two NGO’s say they are disappointed with a decision not to investigate banks for allegedly supporting the apartheid government. The Center for Applied Legal Studies and Open Secrets submitted a complaint about the role of European banks during apartheid. Tumelo Matlawa from the centre for applied legal studies says they have evidence…

European Authorities Refuse to Investigate Apartheid’s Banks

MEDIA RELEASE 31 July 2019 EUROPEAN AUTHORITIES REFUSE TO INVESTIGATE APARTHEID’S BANKS More than one year after submitting a complaint detailing the role of European banks in supporting and profiting from apartheid, CALS and Open Secrets have been informed that authorities in Belgium and Luxembourg are refusing to investigate these economic crimes. With no clear…

#ApartheidBanks: Still Waiting For Justice

Shaazia Ebrahim | A number of international banks funded the apartheid regime and its military through credit. It has been one year since Open Secrets, along with the Centre for Applied Legal Studies (CALS), demanded accountability from the international banks in Belgium and Luxembourg that financed apartheid. The organisations submitted a complaint to the Organisation for Economic Co-operation and Development (OECD) National Contact Points (NCPs)…

European Banks Called To Answer For Apartheid Crimes

Fatima Moosa | The Daily Vox | 25 April 2018 From 24 to 27 April, civil society organisation Open Secrets along with the University of Witwatersrand’s Centre for Applied Legal Studies (CALS) will take a complaint to banks in Belgium and Luxembourg regarding their apartheid economic crimes. They are demanding accountability from the international banks that have financed apartheid.…

Update: Blow to Apartheid’s Banks

Joint press release by Open Secrets and CALS UN Independent Expert weighs in on OECD complaint, and NGOs challenge conflicts of interest in Belgian decision-making body  A heavy blow has been dealt to two European banks at the centre of the apartheid-era international arms money machine. The implicated banks are KBC Group (previously Kredietbank) and…