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SA set to exit FATF greylist | SA News

JOHANNESBURG – The rainbow nation is expected to be removed from the Financial Action Task Force’s greylist on Friday.

South Africa was added to the list in early 2023.

There were concerns it was not doing enough to stop money laundering and terror financing.

WATCH: SA edges closer to FATF exit

Being grey-listed is a warning that a country’s financial systems have weaknesses that criminals could exploit.

It triggers enhanced monitoring, meaning global banks, investors and businesses treat transactions involving South Africa as higher-risk.

To get off the list, the country had to meet 22 specific actions.

READ: SA Greylisting | Govt determined to address FATF concerns

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The Star: Based in Johannesburg, it is one of the oldest newspapers, established in
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