DStv Channel 403 Sunday, 09 February 2025

SA greylisting | Consequences for businesses and individuals

JOHANNESBURG - Earlier this year South Africa was greylisted by the Financial Action Task Force.

This was over the country's anti-money laundering efforts or rather lack thereof.

The greylisting has had consequences for businesses and individuals, too.

READ: Greylisting puts SA at risk of decreased international credibility: expert

One of these is the constant monitoring of cross-border financial transactions.

Victoria Lancefield from Financial Emigration said there are many different consequences.

"The main change that we've seen is through SARS," Lancefield said.

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