Lawyers & estate agents are the weak links in SA’s greylist exit strategy.

--:--
GUEST – Christopher Malan - Executive Manager – Compliance and Prevention at Financial Intelligence Centre (FIC)



Positive efforts and commitment by non-financial businesses and professions (DNFBPs) registered with the Financial Intelligence Centre (FIC) have significantly contributed to bringing South Africa closer to exiting the FATF (Financial Action Task Force) grey list.

Despite these strides, the DNFBPs subject to supervision by the FIC, are reminded that the country has only partially addressed the grey listing concerns pertaining to DNFBP risk and compliance understanding, as raised by FATF. DNFBPs include legal practitioners, estate agents, trust service providers (including accountants), and dealers in precious stones and metals (including Krugerrands), and other dealers in high-value goods.
16 Apr 3PM English South Africa Business News · Investing

Other recent episodes

In Conversation with Ayşegül Kandaş: Reflections from a Diplomatic Trailblazer

Guest: Ayşegül Kandaş – Former Ambassador of Türkiye to South Africa, Eswatini, and Lesotho In this inspiring and thought-provoking episode, we sit down with Ayşegül Kandaş, a seasoned diplomat with over 30 years of distinguished service in international relations and foreign affairs. Most recently Türkiye’s Ambassador to South Africa, Eswatini,…
11 Jun 5PM 21 min

How SA youth are really managing their money.

GUEST - Tshiamo Molanda, Head of Youth & Mass Market Segments at Standard Bank. From rising living costs and growing debt to savvy budgeting and intentional spending, the data tells a compelling story: today’s youth are not reckless spenders, but resilient and pragmatic decision-makers. We explore key trends like essentials-driven…
11 Jun 5PM 12 min

GUEST – Dr. Shamal Ramesar, Head of Research at DF-SA

Nearly 1 in 5 alcoholic drinks sold in South Africa is illegal: DF-SA study The Drinks Federation of South Africa (DF-SA) has released new research revealing a sharp increase in the illicit alcohol market, which has grown by 55% in volume since 2017. The study, conducted by independent research firm…
11 Jun 5PM 12 min

MultiChoice performance unpacked.

GUEST - Mudiwa Gavaza - business writer for the Business Day and Financial Mail Multichoice has declared a profit of R1.8 billion for the financial year ended 31 March 2025, with the group benefitting from selling its life insurance business and lower foreign exchange translation losses. The profit marks a…
11 Jun 4PM 15 min