In a recent media briefing, international relations & co-operation minister Ronald Lamola gave a G20 Presidency progress report titled “Five months of purposeful leadership”, in which he detailed the critical issues being addressed across the various working groups — including but not limited to pursing enhanced international tax cooperation and addressing illicit financial flows; and ensuring trade policies actively support sustainable development objectives.
These critical G20 sherpa working group's focus areas offer inspiration for South Africa to deal with illicit trade and illicit financial flows which have kept the country in the Financial Action Task Force (FATF) grey list. This, despite a more positive FATF statement in February which announced: “South Africa is now deemed to have addressed or largely addressed 20 of the 22 action items in its Action Plan, leaving two items to be addressed in the next reporting period that runs from March to June 2025.”..
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