SOUTH Africa’s journey since being placed on the Financial Action Task Force (Fatf) grey list on 24 February 2023 has been a challenging but progressive one.
The country has faced considerable hurdles in its financial and economic sectors, with significant implications for international finance access, investor confidence, and the regulatory landscape.
This extended period of scrutiny underlines the importance of compliance with global standards against money laundering and terrorist financing and highlights the concerted efforts required to restore the nation’s standing on the international stage. -moneyweb.co.za