In a novel case filed at the Gauteng Division of the High Court just before Christmas 2023, the SA Revenue Service aims to hold Sasfin Bank Limited liable for billions in damages the taxman said it suffered due to lost taxes. The SA Revenue Service alleges that at least R8.2-billion in untaxed funds, linked to the vast Gold Leaf Tobacco money laundering racket, were unlawfully sneaked out of the country over the past decade – mainly with the help of 11 Sasfin employees. This happened amid repeated warnings over the lapse of risk and control measures at the bank’s foreign exchange division.