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NEWS: ‘Greylisting’ has increased systemic risk to South Africa’s financial stability – central bank; comes as FATF notes fincrime improvements

WORRIES: South Africa's central bank has warned that systemic risk to the country's financial stability has remained elevated, notably due to the government's increasing debt levels and debt-servicing costs, as well as the impact of being put on a "grey list". Our file photo shows a bank teller look at South African rand note.

By AML Intelligence Correspondent SOUTH Africa’s central bank has warned that systemic risk to the country’s financial stability remains elevated – due to the government’s increasing debt levels and debt-servicing, as well as the impact of being put on FATF’s “grey list”. The South African Reserve Bank (SARB) said in its biannual health check today…

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