Sasfin Holdings Limited is a South African based bank-controlling company that listed on the Johannesburg Stock Exchange (JSE) in 1987.

[1] The Daily Maverick reported that the South African Revenue Service (SARS) had found evidence that Sasfin employees had helped facilitate the laundering and illegal transfer of R3 billion (US$172 million) out of South Africa on behalf of Gold Leaf Tobacco Corporation (GLTC) in 2017.

[3] GLTC had allegedly made the money from the illicit sale of tobacco products in South Africa.

[3] Sasfin CEO Michael Sassoon stated that "Sasfin commits fully to cooperating with the authorities to ensure that justice prevails and will take rigorous action against any employees who may be identified as having participated in misconduct,"[3] closed its account with GLTC and suspended two employees.

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