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Opinion

There’s only one shade of grey – FATF deadline edges closer for South Africa

James George, Compliance Manager, Compli-Serve SA
July 8, 2022, 3:21 a.m.
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Word count: 910

South Africa faces possible grey listing by the Financial Action Task Force (FATF). This warning was set in October last year when we were to pull up our socks and improve on shortcomings in identifying, reporting on, and prosecuting illegal cash flows and crime. We were given a year (to October 2022) to prove we are making improvements, with February 2023 as the deadline to demonstrate progress on these improvements.

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