FATF: SOUTH AFRICA AML/CFT MUTUAL EVALUATION REPORT

On 7 October, FATF published the MER for South Africa, which was adopted at the Plenary in June.  Its conclusions include that South Africa has a solid legal framework to fight money laundering and terrorist financing but has significant shortcomings implementing an effective system, including a failure to pursue serious cases.  The MER resulted from an IMF staff-led evaluation and joint assessment by FATF-style regional body, the Eastern and Southern Africa Anti-money Laundering Group (ESAAMLG).  The onsite visit took place in October/November 2019.

http://www.fatf-gafi.org/media/fatf/documents/reports/mer4/Mutual-Evaluation-Report-South-Africa.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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