International Investigation Reveals Eswatini's Financial Secrets

in cooperation with other partners, has exposed Eswatini 's unexplored role as a possible conduit in southern Africa 's gold smuggling economy -- and how the nation's weak anti-money laundering controls enable figures close to the royal family to benefit from proximity to King Mswati III.

The project is based on a leak of more than 890,000 internal records from the Eswatini Financial Intelligence Unit, obtained by, a nonprofit devoted to publishing and archiving leaks. The ICIJ reports that the leak is the largest of its kind from a financial intelligence unit in an African country. AllAfrica has republished ICIJ reporting on Africa, by arrangement with the consortium, since 2018 in order to give it wider coverage among our international audience of Africa-interested readers.Eswatini's king professed to have a bold plan for a thriving economic zone. ICIJ uncovered two phantom gold refineries channeling millions of dollars to Dubai through it. Staff say they can't authorize any transactions. Clients can't open accounts.

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