South Africa's finance minister Enoch Godongwana said on 1 November in his 2023 medium-term budget speech that it was "working hard to address deficiencies in our fight against organised crimes and illegal financial flows" with the aim of exiting the FATF grey list in early 2025. He said: "Since February, when South Africa was grey listed by the Financial Action Task Force (FATF), a large number of government departments and agencies - including the police the Hawks, NPA, SIU, SSA, the Reserve Bank, FSCA, and SARS - have been working hard to address these deficiencies. "The FATF not...
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