WATCH: SA faces three-year slog to get off grey list
Business Day TV spoke to Garth Theunissen, Investment Writer for Business Day
27 February 2023 - 15:15
byBusiness Day TV
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The Financial Action Task Force has put SA on its grey list. According to Business Day, the nation is likely to face a three-year slog to get itself removed from this global list of 25 countries deemed to have inadequate anti-money laundering and counterterrorism financing controls.
The greylisting is expected to have negative consequences, making it more costly and cumbersome to do business.
Business Day TV spoke to Garth Theunissen, Investment Writer for Business Day, to unpack what the grey list really means for SA.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: SA faces three-year slog to get off grey list
Business Day TV spoke to Garth Theunissen, Investment Writer for Business Day
The Financial Action Task Force has put SA on its grey list. According to Business Day, the nation is likely to face a three-year slog to get itself removed from this global list of 25 countries deemed to have inadequate anti-money laundering and counterterrorism financing controls.
The greylisting is expected to have negative consequences, making it more costly and cumbersome to do business.
Business Day TV spoke to Garth Theunissen, Investment Writer for Business Day, to unpack what the grey list really means for SA.
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