Treasury says there are still key challenges to overcome. (Waldo Swiegers/Bloomberg/ Getty Images)
South Africa is on course to exit a global
dirty money watchlist next year but challenges remain in addressing system
shortcomings, according to the National Treasury.
South Africa has until February to address
items flagged by the Financial Action Task Force to get off the so-called grey
list by June 2025.
It was listed early last year after getting
poor marks for its efforts to combat money laundering and terrorism financing,
denting the country’s reputation amid investor concern over an economic outlook
already dimmed by sluggish growth, crime and corruption.
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