South Africa and Nigeria have officially been added to FATF's grey-list of countries that needed to do more to improve their ability to fight financial crime, exposing them to greater scrutiny by investors and banks around the world. Russia has also been suspended from membership of the taskforce in the statement today (24 February) following the conclusion of the second Plenary of the FATF under the Presidency of T. Raja Kumar of Singapore. Delegates from over 200 jurisdictions of the Global Network participated in these discussions at the FATF headquarters in Paris. One year afte...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
