Holding apartheid’s banks to account

The Centre for Applied Legal Studies (CALS) will host this panel discussion.

New evidence shows that two European banks were at the centre of the apartheid era international arms money laundering machinery. For nearly two decades, Belgium’s Kredietbank and its subsidiary in Luxembourg were responsible for facilitating up to 70% of all illegal arms transactions that allowed the apartheid government to secretly buy weapons despite mandatory UN arms sanctions. These and other banks have never been held accountable for their role in supporting apartheid. In the face of this widespread impunity, is there any way to hold these financial giants to account? Open Secrets, in partnership with CALS, is taking the fight for accountability for historic economic crimes to the banks’ doorstep in Europe using international accountability frameworks. Speakers include Michael Marchant (Investigations and Advocacy Researcher at Open Secrets); Khuraisha Patel (Legal Researcher at Open Secrets) and Wandisa Phama (Head of Business and Human Rights at CALS)

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