Delist drive - South Africa

Unimpressed by the slow rate of improvement in South Africa's anti-money laundering regime following its mutual evaluation in 2021, the Financial Action Task Force sought to force the pace in February this year, putting the country under 'increased monitoring', so on the 'grey list'. Paul Cochrane, in Pietermaritzburg, looks at the response across the months since.

Unimpressed by the slow rate of improvement in South Africa's anti-money laundering regime following its mutual evaluation in 2021, the Financial Action Task Force sought to force the pace in February this year [2023], putting the country under 'increased monitoring', so on the 'grey list'. Paul Cochrane, in Pietermaritzburg, checks on the response across the months since.