SA to meet FATF in Morocco in bid to avoid greylisting.
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South African authorities will meet peers from a global financial watchdog next week as they seek to avert being placed on its so-called grey list denoting nations with shortcomings in tackling illicit financial flows.
A delegation led by the National Treasury’s acting director general Ismail Momoniat will meet with the Financial Action Task Force’s Joint Group in Rabat, Morocco, on January 13, the National Treasury said on Friday in a statement. This comes after President Cyril Ramaphosa late last month signed into law two key pieces of legislation that were seen as important in addressing deficiencies flagged by the watchdog.
A delegation led by the National Treasury’s acting director general Ismail Momoniat will meet with the Financial Action Task Force’s Joint Group in Rabat, Morocco, on January 13, the National Treasury said on Friday in a statement. This comes after President Cyril Ramaphosa late last month signed into law two key pieces of legislation that were seen as important in addressing deficiencies flagged by the watchdog.
