Cyril Ramaphosa | SA's greylisting is an opportunity to tighten controls and prevent financial crimes

rvZA

rvZA

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Dear Fellow South African,

Last week, South Africa was put on a "grey list" by the Financial Action Task Force (FATF) for falling short of certain international standards for the combating of money laundering and other serious financial crimes.


The FATF is a global body that aims to tackle global money laundering and terrorist financing. South Africa has been a member of FATF for the last 20 years due to our commitment to fight these criminal activities both at home and across the world.
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www.news24.com

Cyril Ramaphosa | SA's greylisting is an opportunity to tighten controls and prevent financial crimes | News24

The greylisting of South Africa has caused much concern about the state of our financial institutions, law enforcement agencies and investment environment. The situation is concerning but less dire than some people suggest, writes Cyril Ramaphosa in his weekly newsletter.
www.news24.com www.news24.com
 
Come on now you f**ktard! Why wasn't this tightened before the greylisting? You could have prevented it.

But no, you guys want to steal money and protect yourselves in the process and open channels to move your loot around.

F**k off!
 
B-1 said:
Rather stuff dollars into your couch.
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Yeah I don't imagine strict financial crime controls are a priority when you have a mountain of cash still to be laundered in your furniture.

Pessimism aside, the time to implement the controls is before you get greylisted. Again, limping from crisis to crisis reactively instead of pro-actively getting ahead of the problems. These things don't just happen on a whim, they knew it was coming.
 
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All lip service.... Time to remove the ANC from power. It's the only way. At this point, what do we have to lose? Certainly not a "Government" cause that, they are not. Public services? What are those? Crime prevention? :ROFL:

South Africa, remove the cANCer from society, before it takes your last. The prognosis is in, act now, or make your last days comfortable, cause Toto, we're not in Arkansas anymore.
 
Have to give it to him though.
Even he rather had the cash stashed in his couch than give the AnC more …
If he was so pro ANC he wouldn’t have minded paying taxes on that money..
 
Is there a special list for the exceptional countries that don't fall short in policing, but are the world leaders in money laundering, terrorist financing, and proliferation financing?
 
Many of us are in DevOps. How many times have you heard similar "opportunity" talk after a disastrous implementation? That is just how management talks.
 
Agreed, lets start here
iu
 
Opportunity. Here he goes again, "better late than never". I agree with this Moneyweb headline,

www.moneyweb.co.za

Government’s ‘better-late-than-never’ attitude problematic

Busa reacts to President Ramaphosa's Sona.
www.moneyweb.co.za www.moneyweb.co.za

Government’s ‘better-late-than-never’ attitude problematic​

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that it is a problematic attitude. This grey listing was long in the making, and the 'opportunity' to address our shortcomings lapsed all that time ago.

I really liked Ramaphosa, but he has become a staunch ANC shill.
 
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