A Steep Climb Ahead as South Africa Races to Delist from FATF Greylisting

While the grey listing presents some challenges, the focus on robust compliance could, if implemented effectively, serve as a model for a stronger financial system in South Africa, ultimately benefiting both domestic and international investors.

Milton OsbornDirector of Funds and Corporate, Osborn Wellsted Paulsen

It is evident that South African financial institutions are in the process of adapting their compliance frameworks to meet the heightened scrutiny post-grey listing by implementing more robust AML/CFT measures, conducting thorough due-diligence on clients and transactions, and enhancing reporting mechanisms.