+更多
专家名录
唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
武汉中南财经政法大学信息安全学院教授。长期专注于反洗钱/反恐...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任安永管理咨询服务合伙...
转发
上传时间: 2023-12-03      浏览次数:401次
National Treasury: SA triumphs against money laundering deficiencies; celebrates removal of technical compliance gaps

 

https://www.biznews.com/sarenewal/2023/11/30/sa-triumphs-money-laundering-celebrates-removal-technical-compliance-gaps

 

South Africa has received praise from the Financial Action Task Force (FATF) for significant progress in addressing technical compliance issues within its anti-money laundering system. The latest follow-up report, “South Africa: Follow-up Report on Technical Compliance Re-rating,” released on November 28, 2023, reveals commendable advancements in rectifying the 20 deficiencies identified in the 2021 FATF Mutual Evaluation Report.

 

The FATF Plenary, on October 27, 2023, re-rated 18 of the 20 deficiencies, upgrading fifteen to no longer deficient status. This achievement leaves South Africa fully or largely compliant in 35 of the 40 FATF Recommendations, showcasing remarkable improvement. The re-ratings followed legislative amendments enacted at the end of 2022, including the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act and the Protection of Constitutional Democracy Against Terrorism and Related Activities Amendment Act.

 

Despite the positive strides, South Africa remains under the FATF “greylist” due to effectiveness deficiencies outlined in the Action Plan agreed upon in February 2023. Overcoming these shortcomings is crucial for South Africa to exit the greylist, with progress monitored by the FATF Africa/Middle East Joint Group. Cabinet and the Justice, Crime Prevention and Security Cluster have overseen the Action Plan’s implementation, with the Interdepartmental Committee on AML/CFT leading the efforts.

 

The South African authorities have reported progress against the Action Plan, but challenges remain. Key action items include demonstrating sustained increases in outbound MLA requests, improving risk-based supervision of DNFBPs, strengthening supervisory capacity, and enhancing identification, investigation, and prosecution of money laundering and terrorism financing activities.

 

The FATF expects countries to address most technical compliance deficiencies within three years, and South Africa aims to achieve this by the next FATF Follow-Up report in October/November 2024. While positive momentum is evident, sustained efforts are needed to ensure lasting improvements and secure removal from the greylist.