FINANCIAL CRIME
NATASHA MARRIAN: Threat of greylisting by FATF looms large
Curbing financial crimes prioritised as corruption-busting institutions get a budget boost, but broader policing allocation disappoints
23 February 2023 - 08:59
UPDATED 23 February 2023 - 08:30
South Africa should brace itself for possible greylisting, says finance minister Enoch Godongwana.
The decision on greylisting by the Financial Action Task Force (FATF) looms large over the country. It has clearly informed budgetary allocations in Godongwana’s 2023/2024 budget, with increased allocations to key institutions targeting money-laundering and other complex crimes, including corruption and terror financing...
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