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Exiting the grey list before June 2025 is unlikely, says Treasury
The FATF did not discuss removing SA from the grey list but focused on the progress the country has made in addressing the 22 Action Items.
The new Rules also incorporate the proposal to raise the Ombud’s jurisdictional limit from R800 000 to R3.5 million.
Read moreThe FATF did not discuss removing SA from the grey list but focused on the progress the country has made in addressing the 22 Action Items.
The absence of a successful prosecution of anyone named in the Zondo report is a big concern, Business Times reports.
The governor of the Reserve Bank also says he is confident the country will get off the grey list in 2025.
The National Prosecuting Authority Amendment Bill will play a pivotal role in bolstering South Africa’s prosecution capabilities, says CDH’s Louis Botha.