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85% chance of greylisting - SA must prepare for greater scrutiny.

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85% chance of greylisting - South Africans must prepare for greater scrutiny, report finds.

The pending decision by the global Financial Action Task Team (FATF) on whether to greylist SA is a "sword of Damocles" hanging over the economy with an 85% probability of falling, says a new research report commissioned by Business Leadership SA.
FATF is a global body that monitors compliance with anti-money laundering and combatting terrorism financing measures. In SA's last mutual evaluation undertaken in 2019, it was found to be partially compliant or noncompliant with 20 of FATF's 40 recommendations. The body will take a final decision at its plenary in February.
12 Oct 2022 8AM English South Africa Business News · Investing

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