From the desk of the President
President Cyril Ramaphosa on Monday said South Africa’s removal from the Financial Action Task Force (FATF) grey list should mark the start of a new phase in fighting corruption and financial crime.
But he also warned that government must not become complacent after reaching the “milestone”.
In his weekly newsletter, Ramaphosa called the exit “a boost for our international reputation and global standing,” but said there is a long road ahead to strengthening institutions and rebuilding public trust.
“Much work remains to be done to reduce and prevent financial crimes, and ensure speedier investigations, prosecutions and convictions,” he wrote.
“We will make sure that the FATF decision does not result in complacency but supports increased vigilance.”
South Africa was placed on the FATF grey list in February 2023 after the Paris-based body identified weaknesses in its ability to detect and prosecute money laundering and
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