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South Africa has been removed from the Financial Action Task Force's grey list after a 32-month period. The Financial Intelligence Centre (FIC) has welcomed the decision, citing a concerted effort by various role players to address identified deficiencies and implement necessary reforms. The country was placed on the list in February 2023 by the global terror-funding watchdog for failure to detect money laundering and terrorist financing. Elvis Presslin spoke to Waldo Krugell, a Professor of Economics at Northwest University
By SAfmSouth Africa has been removed from the Financial Action Task Force's grey list after a 32-month period. The Financial Intelligence Centre (FIC) has welcomed the decision, citing a concerted effort by various role players to address identified deficiencies and implement necessary reforms. The country was placed on the list in February 2023 by the global terror-funding watchdog for failure to detect money laundering and terrorist financing. Elvis Presslin spoke to Waldo Krugell, a Professor of Economics at Northwest University

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