South Africa's Anti-money Laundering on the Grey List

There are 23 countries on the Financial Action Task Force’s (FATF) anti-money laundering grey list – and South Africa could join them in early 2023.

Considered as economically damaging as junk status, in August 2022, our technical expert, Jennifer Anderson was joined by STANLIB Group’s Chief Compliance Officer, Njabulo Duma, to discuss the impact of being greylisted.

Who is FATF and how did we get here? How does a country get off the grey list? Will there be a direct impact on investors?

Fill in your details below to gain access to a webinar packed with information on the looming decision.

About the Webinar

South Africa stands on the brink of being greylisted by the Financial Action Task Force (FATF) in early 2023.

Stemming from serious shortcomings identified in our anti-money laundering and counter terrorism measures, a greylisting can be as damaging economically as a junk credit rating. 

In this webinar, you can expect to learn:

• What is the FATF, who are its members, and who is on the grey list?
• How did South Africa get to the point of being considered for a grey listing?
• What were the key findings which has led to the FATF having concerns about South Africa’s AML and CTF processes?
• Who is working on fixing the issues, and will South Africa meet the deadline?
• How does a country get off the grey list once they are on it?
• What will a grey listing mean for South Africa economically?
• Will greylisting affect FDI into South Africa, and if so, from which regions?
• Will there be a direct impact on everyday investors?