The FATF Mutual Evaluation
How does South Africa compare to other countries in the region and the G20?
Learnings From the Most Recent FATF Mutual Evaluation Report on South Africa
With over 200 countries worldwide committed to implementing the recommendations established by FATF there is increasing pressure to tackle and prevent criminals, and terrorists from abusing the financial system.
To date, South Africa has been the subject of three Mutual Evaluation reports, of which the most recent was published in the last quarter of 2021.
To date, South Africa has been the subject of three Mutual Evaluation reports, of which the most recent was published in the last quarter of 2021.
In this report, we dive into the effectiveness of the implementation of the FATF framework in South Africa for the following key areas:
- Sanctions
- Customer due diligence
- Wire transfers
- Designated Non-Financial Business and Professions (DNFBPs)
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