SOUTH AFRICA RESPONDS TO FATF CALL TO ACTION, AS LAW ENFORCEMENT REBUILT UNDER PRESIDENT RAMAPHOSA
October 2nd, 2021
South Africa has a lot to do to improve its regulatory oversight and more effectively tackle money laundering, which its FIU, the Financial Intelligence Centre, readily admits, as the country addresses shortcomings highlighted in its latest Financial Action Task Force (FATF) mutual evaluation report (MER).
The country certainly had a middling report card from FATF, in its latest assessment report, released in October (2021). (1) The key findings, concerning effectiveness and enforcement, are problems that have been highlighted for years, with law ...
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