Treasury optimistic SA will be off greylist by October
Adviser Ismail Momoniat says good progress is being made on two outstanding items
24 February 2025 - 05:00
The Treasury says it remains confident SA will exit the Financial Action Task Force’s (FATF) money-laundering greylist by October, after the organisation said only two items on their jointly agreed plan still need to be addressed.
The Paris-based financial crime watchdog sets international standards for global compliance with anti-money-laundering and antiterrorist financing rules. It puts countries on its greylist to signal they are under increased monitoring but working to address the problems that have been identified. Countries that do not co-operate with the FATF are placed on a blacklist...
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