Miscellaneous

South Africa successfully leaves FATF 'grey list' after three years.

South Africa has successfully exited the Financial Action Task Force’s (FATF) ‘grey list’ after nearly three years of intensive monitoring, marking a significant achievement in enhancing its Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) systems. The FATF’s decision, announced following a plenary meeting in Paris, acknowledges South Africa’s substantial progress in addressing identified deficiencies, culminating in an on-site review in July 2025. However, South Africa’s National Treasury cautioned against complacency, emphasizing the need for continued commitment and measurable outcomes to sustain this positive momentum. The significance of this development extends beyond regulatory compliance, illustrating the country’s dedication to strengthening its financial integrity and governance, crucial for bolstering investor confidence and economic stability.

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