SA holds its breath on FATF greylisting
Analysts are hoping for a reprieve from the Financial Action Task Force on greylisting, warning of hard times if it is not forthcoming
18 September 2022 - 06:35
FNB CEO Jacques Celliers says an extension from the Financial Action Task Force (FATF) could help SA dodge the greylisting bullet, and there is an expectation that the country’s efforts to comply will be recognised.
In an interview on Thursday after the results presentation of parent company FirstRand, Celliers said an FATF greylisting would be another own goal after the civil unrest in July last year and a subsequent ratings downgrade. However, much work had been done to avert it...
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