UiTV Search
 

 

 

 

 

Indian-origin South African appointed as COO of SABRIC

Nischal Mewalall, an expert in fighting money laundering and terrorism financing

Johannesburg, June 04 (UITV): Indian-origin South African Nischal Mewalall, a pro in fighting money laundering and terrorism financing, has been appointed as the chief operating officer of SABRIC, a non-profit company that assists in tackling organised bank-related crimes.
The South African Banking Risk Information Centre (SABRIC) was formed by the country's major banks like the First National Bank and the Standard Bank.
in addition to assisting in combating organised bank-related crimes, SABRIC also keeps people informed about the latest banking scams and fraudster activity. Mewalall was appointed after an extensive search, Chair of the SABRIC Board Yacoob Abba Omar said.
"He brings to the organisation a wealth of experience and insights which can only help build on SABRIC's firm foundations, while also looking at innovative responses to the everevolving world of crime and fraud," Omar said in a statement.
Mewalall joins SABRIC from his position of head of crime and security risk management at the First National Bank, one of South Africa's leading financial institutions. He was responsible for correlating the identification and response to crime and security threats across the bank's mother company FirstRand Group.
Mewalall began career at the National Prosecuting Authority as a prosecutor and later spent 13 years at the Financial Intelligence Centre leading the regulatory body's monitoring and analysis division.
He has comprehensive experience in handling money laundering and terrorism financing in South Africa through in alliance with law enforcement, prosecution services, and tax and
intelligence agencies.
Mewalall has served in various public sector structures, including the anti-corruption task team, as director and board member of the Southern African Fraud Prevention Service, and as the deputy chair of SABRIC Integrated Crime Risk Management Committee.
"I look forward to leading SABRIC and building on its success by pulling technology,data and artificial intelligence to bring even greater value to our members and stakeholders," he said.
Mewalall also underlined his passion for using state of art innovation to solve modern crime challenges.