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South African Treasury Head is ‘pretty confident’ country will address regulatory failures by year-end as potential FATF grey listing hangs in the balance

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

By Elizabeth Hearst for AMLi

The head of South Africa’s National Treasury has revealed he is “pretty confident” the country will have addressed the regulatory weaknesses identified in its AML regimes by the end of the year.

The country was previously found to be lacking in 11 of FATF’s AML/CFT recommendations, while many have speculated that the country could be headed for inclusion on its ‘grey list’ if it fails to step up its game, reports Bloomberg.

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NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

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