The Financial Action Task Force (FATF) has removed South Africa from the grey listing. This is after the country managed to meet all the required anti-money laundering recommendations set out for it.
The global financial crime watchdog placed South Africa on the list in February 2023, for not complying with international standards around the prevention of money laundering and terrorist financing.
South Africa is among three other African countries removed from the list, including Nigeria, Burkina Faso, and Mozambique.
President of the Financial Action Task Force, Elisa de Anda Madrazo, made the announcement at a virtual briefing on Friday afternoon.
Business for South Africa (B4SA) has welcomed the country’s removal from the FATF grey list, calling it a major milestone.
In a statement, B4SA highlights that this achievement reflects the extensive efforts by government regulators and law enforcement agencies to strengthen South Africa’s anti-money laundering framework.
BREAKING NEWS | The Financial Action Task Force (FATF) has removed South Africa from the greylist. National Treasury Technical Advisor Ismail Momoniat says there’s a need to stop all forms of corruption and abuse of the country’s financial systems. pic.twitter.com/OIJQQzjWbc
— SABC News (@SABCNews) October 24, 2025
