South African authorities will meet peers from a global financial watchdog next week as they seek to avert being placed on its so-called grey list denoting nations with shortcomings in tackling illicit financial flows.
This comes after President Cyril Ramaphosa late last month signed into law two key pieces of legislation to aid efforts against money laundering and terrorism financing, a move seen as important in addressing deficiencies flagged by the watchdog. SA authorities submitted their initial progress report to the FATF joint group at the end of November, and received a response containing a preliminary analysis and comments on 16 December. A response to these comments was sent by SA authorities on 3 January, and the next step is a face-to-face meeting in Rabat, Morocco.
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_Business Try explaining how a Sudanese national managed to bring substantial amounts of undisclosed US currency into SA.
_Business Something stinks...USA laundering money through Ukraine and RSA avoiding a grey'list....laughable... unless more sinister
_Business Put them on the grey list. They do business with China, Russia and Cuba just to name a few.
_Business Phala phala
_Business Just hope that watchdog isn't a South African Pitbull... he wont be allowed to bark here - ag shame ne...
_Business The political will to end illicit cash flows is non existent TreasuryRSA FATFNews
_Business PhalaPhalaFarmGateCriminal . Hazim or Haziq managed to enter OR Tambo with more than $4m in cash and went straight to trade with the sitting President. CyrilRamaphosa PublicProtector sarstax SAReserveBank SAPoliceService
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