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South Africa’s finance minister publishes AML explanation note as potential FATF grey list looms

By Alisha Houlihan for AMLi

South Africa’s Minister of Finance has published an updated explanation note on the country’s AML/CFT Amendment Bill, as the country grapples to improve its AFC framework ahead of a potential grey listing by the Financial Action Task Force.

Enoch Godongwana, the country’s Minister of Finance, published the explanation note on the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, due to be introduced to the National Assembly later this year. 

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