SA is likely to face a three-year slog to get itself removed from a global list of 25 countries deemed to have inadequate anti-money laundering and counterterrorist financing (AML/CFT) controls.

On Friday, the Financial Action Task Force (FATF), the Paris-based body that sets standards for combating illicit financial flows, said after its February 20-24 plenary meeting SA will now face increased monitoring for issues such as suspicious cross-border transactions and proliferation financing...

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