SA has not ticked all the FATF boxes, says Shamila Batohi
Financial Action Task Force will decide next week whether to greylist SA
SA has made big advances in meeting the requirements of the international body that sets standards for combating of money laundering and terrorism financing, but there are indications that it has not yet ticked all the boxes, national director of public prosecutions Shamila Batohi has told parliament.
SA’s international reputation as having a financially secure regime will be in the balance next week when the Financial Action Task Force (FATF) holds a plenary in Paris which will decide on February 24 whether to put the country on a greylist of countries that fail to meet the required standards. This would put it in the same category as countries such as Syria and Myanmar...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.