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“We do merchanting, that’s it.”
This is how Mohamed Khan, one of South Africa’s biggest money launderers, described his approach to hiding vast amounts of illicit cash from authorities.
That code word for laundering sits well with the man known better by his street name, Mo Dollars. Over the last decade, Khan has built a legend as a go-to figure for people wanting to clean their dirty money in Southern Africa.
He helps some of the region’s wealthiest people legitimise millions of dollars of unaccounted cash through a sophisticated web of front companies, bribes and fake invoices,…
