Saturday, November 23African Digital Business Magazine

Tag: anti-money laundering

South Africa News

A Steep Climb Ahead as South Africa Races to Delist from FATF Greylisting

An article by: Dr.Rufaro Nyakatawa, Business Development Consultant at Jersey Finance and contributions from, Milton Osborn, Director Funds and Corporate at Osborn Wellsted Paulsen (OWP) and the Provenance compliance team. It has been a year since South Africa (“SA”) was grey listed by the Financial Action Task Force (FATF), and under a year shy of having to demonstrate its improvements in bolstering anti-money laundering and financial crimes measures. And for a country widely considered to be the most advanced African economy, the changes made between now and then could spell an opportunity not only to improve its tainted public perception but crucially, enhance its already world-class financial systems. However, achieving that will be a steep climb. According to Co-Founder of a Globa...