South Africa will likely only get off the Financial Action Task Force (FATF) grey list in 2025.
The country still has 14 outstanding action items it needs to address to satisfy the FATF requirements to get off the list.
South Africa was grey listed in 2023 after it was found wanting in terms of anti-Money Laundering and the Combating of the Financing of Terrorism controls.
When the FATF grey listed South Africa in February of last year, the country was required to address all 22 Action Items so as to exit the FATF grey list.
The Action Items have differing deadlines, falling between January 2024 to January 2025. South Africa has so far gone through eight of the 22 Action Items.
