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South Africa has been grey-listed for not stopping money laundering and terrorism funding. What it means

South Africa has been grey-listed for not stopping money laundering and terrorism funding. What it means

THE Financial Action Task Force has placed South Africa on a list of countries under increased monitoring, commonly known as the grey list, after it failed to address all of the shortcomings on money laundering and the financing of terrorism that the task force identified in its 2019 evaluation of the country. The decision has serious implications for the country, more specifically its financial services sector as well as its ability to attract investment. The Conversation Africa’s political editor Thabo Leshilo talks to Philippe Burger, an economics professor and the dean of the Faculty of Economic and Management Sciences at…
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Ghana off money laundering list

Ghana off money laundering list

GLOBAL money laundering and terrorist financing watchdog FATF said yesterday that Ghana was no longer under its increased monitoring process but said other nations were now on that list. "The FATF congratulated Ghana for the significant progress it has made," the Financial Action Task Force said in a statement, adding that Haiti, Malta, the Philippines and South Sudan were "new jurisdictions subject to increased monitoring".
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