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Listen "SA awaits FATF decision on grey-list verdict."
Episode Synopsis
GUEST - Steven Powell, Head of Forensics at ENSafrica
South Africa will hear its fate over its greylisting tomorrow, 24 October, with markets already pricing in the nation getting off the list. Because of this certainty, South Africans shouldn’t expect any big waves or market impacts if the country is delisted.
South Africa was placed on the grey list in February 2023 by the Financial Action Task Force (FATF) due to limitations on its ability to stop money laundering and terrorist financing. The grey list places countries under increased monitoring and scrutiny, with global investors concerned about possible financial risks.
Several institutions, including National Treasury, the South African Reserve Bank and the Financial Intelligence Centre, looked at 22 action items to address these deficiencies. Kaya FM
South Africa will hear its fate over its greylisting tomorrow, 24 October, with markets already pricing in the nation getting off the list. Because of this certainty, South Africans shouldn’t expect any big waves or market impacts if the country is delisted.
South Africa was placed on the grey list in February 2023 by the Financial Action Task Force (FATF) due to limitations on its ability to stop money laundering and terrorist financing. The grey list places countries under increased monitoring and scrutiny, with global investors concerned about possible financial risks.
Several institutions, including National Treasury, the South African Reserve Bank and the Financial Intelligence Centre, looked at 22 action items to address these deficiencies. Kaya FM
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