Treasury releases proposals to tighten laws in bid to exit greylist
SA makes progress but still has to demonstrate improvement in law enforcement and prosecution
19 December 2024 - 14:48
The National Treasury is proposing a raft of amendments to laws with a view to SA ending its greylisting imposed in February 2023 by the Financial Action Task Force (FATF).
SA has made progress in meeting some of the requirements of FATF, a global body that sets standards for combating money laundering and the financing of terrorist regimes, but still has to demonstrate improvement in law enforcement and prosecution. ..
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