SA greylisting highly probable but with political will it will not be all doom and gloom
With country on dreaded list, EU and UK banks will have to conduct more vigilant due diligence on its transactions
12 October 2022 - 19:57
The Financial Action Task Force (FATF) is highly likely to demote SA to its greylist in early 2023, according to a prediction in a report commissioned by Business Leadership SA (BLSA).
BLSA released the report conducted by research and consultancy firm Intellidex on Wednesday. It warns of adverse outcomes including a bad rap for SA and higher costs for international transactions...
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