The Financial Action Task Force has put SA on its grey list. According to Business Day, the nation is likely to face a three-year slog to get itself removed from this global list of 25 countries deemed to have inadequate anti-money laundering and counterterrorism financing controls.
The greylisting is expected to have negative consequences, making it more costly and cumbersome to do business.
Business Day TV spoke to Garth Theunissen, Investment Writer for Business Day, to unpack what the grey list really means for SA.
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