WebMar 1, 2024 · It’s official: Just days after Finance Minister Enoch Godongwana relayed the news from National Treasury that South Africa’s real GDP growth had been revised down to just 1.4%, the country must now weather the fallout of being placed on the FATF greylist. This is the third time a G20 country has been placed on the list (after Argentina and ... WebSep 1, 2024 · The FATF ME report of South Africa was published on 7 October 2024 and concluded the following: The essential authorities consistently understand the main domestic money laundering threats, but an understanding of the relative scale, money laundering vulnerabilities, and threats from foreign predicates are limited.

FATF Greylisting South Africa - A Deafening Silence

WebSouth Africa was put under a one-year observation period in October 2024, giving the country time to address 67 Recommended Actions. South Africa made significant progress during the observation period, passing two major Amendment Acts in 2024, and strengthening its institutions. A January 2024 assessment of SA’s progress found that … WebCertified Global Sanctions Specialist(CGSS). Risk, Legal and Compliance Officer/Company secretary at Coface South Africa ... modify product features

It’s Official – South Africa Greylisted Investec

WebOct 18, 2024 · The official communication has been optimistic, but advisers at South Africa's ministry of finance no longer believe that the country can avoid being placed on … WebSep 1, 2024 · The Financial Action Task Force (FATF) conducted a Mutual Evaluation Assessment on South Africa and found that the country has poor legal, regulatory, and … WebSep 4, 2024 · Mauritius, South Africa’s fellow financial centre in the region, is seen as a model after the Indian Ocean island’s government mounted a nationwide reform drive following its own FATF grey ... modify profile microsoft exchange