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Standard Bank CEO Sim Tshabalala says SA’s potential greylisting by the Financial Action Task Force (FATF), an intergovernmental body that assesses countries’ ability to combat illicit financial activity, would be worse than a sovereign credit downgrade.

“The consequences of being greylisted are worse than downgrading,” Tshabalala told The Clement Manyathela Show on Radio 702 on Thursday...

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