“The Financial Action Task Force (FATF) has placed South Africa on a list of countries under increased monitoring, commonly known as the greylist, after it failed to address all of the shortcomings on money laundering and the financing of terrorism that the task force identified in its 2019 evaluation of the country. The decision has serious implications for the country, more specifically its financial services sector, as well as its ability to attract investment.
The Conversation Africa's political editor,
