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South Africa Moves Closer to Exiting Dirty-Money List in October

South Africa is edging closer to leaving a global financial watchdog’s so-called gray list in October, with a team of assessors scheduled to visit the nation this month.

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Bloomberg

Lean Left

South Africa Moves Closer to Exiting Dirty-Money List in October

South Africa is edging closer to leaving a global financial watchdog’s so-called gray list in October, with a team of assessors scheduled to visit the nation this month.

1 day ago·United States

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OlarteMoure

Global Efforts to Combat Money Laundering

Several countries have recently strengthened their measures to combat asset-laundering and the financing of terrorism. In June, the European Commission updated its list of non-cooperating jurisdictions — known as the “grey list” — which brings together those territories with strategic deficiencies in preventing these illicit activities. The update included countries such as Algeria, Angola, Kenya, Monaco and Venezuela, and removed Barbados, Gibr…

1 day ago

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The Heritage Times

South Africa On Track To Leave Dirty-Money Watchlist By October

South Africa is on the verge of exiting the Financial Action Task Force’s gray list after making significant progress in tackling money laundering and terrorist financing. The global watchdog confirmed the development Thursday. FATF President Elisa de Anda Madrazo stated South Africa has met all or almost all required reforms. A FATF team will visit this month to verify if the changes are fully implemented and sustainable. A final ruling will be…

1 day ago

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