MONEY LAUNDERING
Last week, South Africa was put on a “greylist” by the Financial Action Task Force (FATF) for falling short of certain international standards for the combating of money laundering and other serious financial crimes.
The FATF is a global body that aims to tackle global money laundering and terrorist financing. South Africa has been a member of FATF for the last 20 years due to our commitment to fight these criminal activities both at home and across the world.
The listing of South Africa as a “jurisdiction under increased
