ANC , we have a good story to tell...oh wait
South Africa had only addressed five of the 23 action items it needs to tick off before it can exit the Financial Action Task Force's (FATF) grey list, the watchdog said on Friday. The FATF said SA must still show it can implement a modern and comprehensive strategy to counter the financing of terrorism.
The grey list is an index of around two dozen countries that are not fully compliant with international ant-money laundering and terrorist financing standards. African country Uganda was removed as they are now compliant
The country must do more to curb money laundering and show it can investigate and prosecute complex financial crimes, says the Financial Action Task Force.
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