Economic Digest 32 – What Grey-listing will mean for SA by Kenny Pasensie
In 2001 an intergovernmental organisation, the Financial Action Task Force (FATF), conducted a Mutual Evaluation Assessment on South Africa and found that the country has poor legal, regulatory, and oper- ational measures for combating money laundering and terrorist financing. This means that South Africa is at risk of being put on the FATF’s ‘grey list’, joining another 23 countries already listed. The following articles highlight what the implications are if South Africa is grey-listed, and what needs to be done to avoid this.
Economic Digest 32 What Grey-listing will mean for SA