South Africa aims to be removed from the FATF greylist by October, with only two issues left to address, according to a National Treasury official.
South Africa is actively working to secure its removal from the Financial Action Task Force (FATF) greylist by October of this year, as stated by a spokesperson from the National Treasury. The official emphasized that significant efforts are being made to address the issues previously highlighted by the FATF. Remarkably, only two outstanding items now remain to be resolved in order to achieve compliance.
In conclusion, South Africa is focusing on rectifying the issues that led to its inclusion on the FATF greylist. With only two critical points remaining, the government is optimistic about exiting the greylist by October. This initiative highlights the nation’s commitment to improving its financial integrity and regulatory framework.
Original Source: www.amlintelligence.com
