South Africa Moves Closer to Exiting Dirty-Money List in October

South Africa is edging closer to leaving a global financial watchdog’s so-called gray list in October, with a team of assessors scheduled to visit the nation this month.

The Financial Action Task Force has already determined that South African authorities had met “all or almost all of the actions” required to leave the list and the visiting team will evaluate that “implementation is there, but also that it’s sustainable,” FATF President Elisa de Anda Madrazo said Thursday.