SA faces delayed FATF greylist exit
South Africa is unlikely to exit the Financial Action Task Force's (FATF) greylist by June 2025, with October presenting a more realistic target if progress continues steadily. Despite notable advancements in addressing key issues, challenges remain in areas such as identifying beneficial ownership information and prosecuting complex financial crimes. Experts stress that a timely exit is crucial to restoring investor confidence, as compliance concerns have already affected foreign direct investment. […]
