In February 2023, South Africa was put on a 'greylist' by the FATF for falling short of certain international standards for the combating of money laundering and other serious financial crimes.
In this podcast members of our
Business Crime team and alliance partner Linklaters talk about what South Africa’s addition to the Financial Action Task Force’s (“FATF”) greylist means for companies with businesses or investments in South Africa.
In particular, they cover:
- What it means to be greylisted by FATF
- The actions South Africa needs to take, and is taking, to come off the list
- What the greylisting might mean for investment into the region and the practical implications for organisations with a presence there.
- How the greylisting compares to other countries that are working on similar improvements to their AML regimes.
- The reporting obligations for organisations in South Africa
Priyesh Daya – partner, Webber Wentzel Business Crimes team and Dame Alison Saunders – partner Linklaters Investigations team, London
Sterling Darling – Counsel, Dispute Resolution, Washington D.C.