South Africa Intensifies Push to Exit Dirty-Money List
- Finance minister is managing response to address action items
- South Africa has until June to exit FATF’s global gray list
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South Africa is intensifying its work to address shortcomings in tackling illicit financial flows so that it can exit a global dirty-money list, a top official at the nation’s financial regulator said.
Finance Minister Enoch Godongwana has ramped up efforts to co-ordinate the government response to problem areas identified by the Financial Action Task Force to ensure the nation’s removal from its so-called gray list by a June deadline, said Farzana Badat, deputy commissioner of the Financial Sector Conduct Authority.