Financial Action Task Force suspends Russia due to Ukraine war
Ukraine welcomed the decision but will continue to push for FATF to blacklist Russia
Source: businesslive.co.za
Page 12 - Raja Kumar News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Raja Kumar. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Raja Kumar Today - Breaking & Trending Today
Its official — South Africa fails to avoid greylisting...
SA has been placed on the Financial Action Task Force’s ‘greylist’, which means it has shortcomings in tackling illicit financial flow, which may raise costs for banks and asset managers.
Source: dailymaverick.co.za
South Africa greylisted by FATF
All major local banking stocks down over 2% on the news.
Source: moneyweb.co.za
Despite progress, South Africa's greylisting is in black and white
Financial Action Task Force noted the country made ‘a high-level political commitment’ to work with the watchdog to tackle money laundering
Source: mg.co.za
National Treasury Media Statement: Listing of South Africa by the Financial Action Task Force as a "jurisdiction under increased monitoring"
South Africa is now listed as a "jurisdiction under increased monitoring", more commonly referred to as FATF's "grey list".
Source: biznews.com