Global financial crime watchdog the  Financial Action Task Force - FATF  has added South Africa to its grey list group of countries under special scrutiny to implement standards to prevent money laundering and terrorism financing. Being added to the grey list is a reputational knock for the country, which has been trying to address shortcomings identified by the FATF. Critics say the government left it too late to start addressing the FATF requirements. Analysts say the grey listing  means SA clients at international financial institutions will be subject to enhanced due diligence checks. It also complicates SA's attempts to access funding and support from multilateral development institutions and official lenders. We spoke to Prof. Jannie Roussouw from Wits Business School