SA’s removal from FATF greylist a major achievement: ACDP


The African Christian Democratic Party (ACDP) says after the shocking allegations by KwaZulu-Natal Police Commissioner Lieutenant-General Nhlanhla Mkhwanazi, about corruption and the infiltration by criminal syndicates of the South African Police Service (SAPS), the news that South Africa is no longer on the Financial Action Task Force’s (FATF) greylist is a welcome relief.

The ACDP’s Steve Swart says this will increase foreign investment.

“The ACDP welcomes some good news that South Africa has eventually been removed from the greylist, after almost three years,” says Swart.

He says the country was greylisted for failing to adequately combat elicit financial flows, and terrorist financing.

“This has now been resolved and we commend all those government departments and agencies involved in this process. It is a major achievement following the hollowing out of law enforcement and key institutions during state capture,” he adds.