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Finance Minister, Enoch Godongwana says he is hopeful that engagements with the Financial Action Task Force (FATF) this week will yield a positive outcome, that will see South Africa averting greylisting.

South African bank notes featuring images of former South African President Nelson Mandela are displayed next to the American dollar notes in this photo illustration in Johannesburg.South African bank notes featuring images of former South African President Nelson Mandela are displayed next to the American dollar notes in this photo illustration in Johannesburg.

Finance Minister, Enoch Godongwana says he is hopeful that engagements with the Financial Action Task Force this week will yield a positive outcome, that will seeHis comments come as a delegation of government officials make their way to Morrocco for their first set of meeting with FATF today. Godongwana says the measures that South Africa has taken to avoid grey listing, including the anti-money laundering legislation and anti-terrorism financing legislation which were signed into law by the President, speak to the country’s commitment to clamp down on financial crimes.

“On the regulatory part, we can tick all the boxes. There’s some work which has been done, if you look at the report submitted to Parliament by the President, also lists a lot of action work that’s been done.” “As we speak now, we have about 51 government officials from all the departments that [are] affected, justice, police, and so on, [are] attending the meeting in Morrow to make a presentation. Then on February 23 to 25 the officials will attend another FATF meeting which is the final meeting to make the decision.”

 

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Phala Phala matter has escalated the greylisting..

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South Africa finance minister: nice policy useless without powerSouth Africa can have nice policy on paper but it is useless if it can't provide electricity, Finance Minister Enoch Godongwana said on Thursday. Funny, coming from one those responsible for loadshedding. Accomplice!
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