South Africa Targets Exit from FATF Greylist by October

South Africa aims to exit the FATF greylist by October. A National Treasury Official states that substantial progress is being made to resolve the remaining issues, with only two items left to address.

South Africa is working diligently to remove itself from the Financial Action Task Force (FATF) greylist by October of this year, as indicated by a representative from the National Treasury. Significant efforts are being made to address the issues that have led to the country’s current status, with only two remaining items needing resolution. This ambitious plan reflects South Africa’s commitment to strengthening its anti-money laundering framework and enhancing its international standing.

In conclusion, South Africa’s proactive measures to rectify the identified deficiencies signal its determination to exit the FATF greylist by October. The authorities are focused on completing the necessary corrective actions to achieve this goal and improve the nation’s reputation in global financial matters.

Original Source: www.amlintelligence.com