South Africa Aims to Exit FATF Greylist by October

South Africa aims for FATF greylist removal by October, with two issues remaining to resolve, as stated by a National Treasury Official.

South Africa is striving to be removed from the Financial Action Task Force (FATF) greylist by October this year. A representative from the National Treasury has indicated that significant efforts are underway to address the issues identified by the FATF. Currently, only two outstanding items remain on the agenda that must be rectified before the country can successfully exit the greylist.

In conclusion, South Africa’s proactive measures aim to resolve outstanding issues in order to exit the FATF greylist by October. With only two items left to address, the country is making significant progress towards achieving this goal.

Original Source: www.amlintelligence.com