On 19 December, Moneyweb reported that 2 major pieces of legislation that may see South Africa avoid being grey listed by FATF have been passed by parliament.  They will be in effect by February when the FATF plenary session takes place in Paris.  The 2 amendment Bills will address 16 of the 20 technical areas of non-compliance identified by the FATF.  The remaining deficiencies will be addressed by smaller pieces of legislation and other amendments.

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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