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Media Articles

South Africa’s risk of being placed on the FATF’s grey list

Posted on 19 July 2022    Author: Simon Brown   Original Publication: Moneyweb

Following the inefficiencies identified in the FATF Mutual Evaluation of South Africa (October 2021), South Africa’s progress in putting measures in place to combat money laundering and financing of terrorism is being monitored and will be reviewed in October 2022. If the country’s progress in strengthening its regulatory and money laundering controls are found not to be satisfactory, South Africa could find itself on the FATF’s grey list.

Jeanine de Swardt-Breeds, Practice Management Consultant and Compliance Officer at Masthead, speaks about what it means for South Africa to be on the FATF’s grey list, the steps South Africa has been and are currently taking to reduce the risk of being grey listed, and more. Listen to the interviews below.

Radio 702: Financial crime might land SA on grey list, with dire implications

Note: This interview was originally published on www.702.co.za on 28 July 2022. To access the original interview, click here.

Moneyweb: SA risks money laundering, terrorist financing grey-listing

Note: This interview was originally published on www.moneyweb.co.za on 19 July 2022. To access the original interview, click here.

RSG: Hoe ver is SA van die FAFT-gryslys? 

Note: This interview was originally published on www.moneyweb.co.za on 19 July 2022. To access the original interview, click here.

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