South Africa has been added to the Financial Action Task Force's list of greylisted countries KossyDerrickBlog KossyDerrickEnt

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Friday, February 24, 2023

South Africa has been added to the Financial Action Task Force's list of greylisted countries

SOUTH AFRICA GREYLISTED 

South Africa has been added to the Financial Action Task Force's list of greylisted countries.

It means SA is on the list of nations that have failed to adequately put in place measures to tackle illicit financial outflows.

The greylisting is likely to put a massive dent in South Africa's GDP.

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