BADGER
MICHAEL AVERY: SA’s race against the FATF clock
The Financial Action Task Force remains unconvinced about the country’s commitment to clean governance
Another round of Financial Action Task Force (FATF) assessments has rolled through Paris, with SA managing to secure a few more ticks on the checklist of anti-money-laundering and counter-terrorist financing compliance — nine upgrades, to be precise.
But let’s not pop open the bubbly just yet. We still have six more hurdles to clear before we can shake off the economically damaging greylisting label, and as the Treasury’s latest statement suggests, it’s going to be a race against time. With the February 2025 finish line fast approaching, the question is: will SA rise to the challenge or will we trip on our own shoelaces once again? ..
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.