On 13 June 2025, the Financial Action Task Force announced that “South Africa has substantially completed its action plan and warrants an on-site assessment to verify that the implementation of AML/CFT reforms has begun and is being sustained, and that the necessary political commitment remains in place to sustain implementation in the future.”
The final
This blog was co-authored by Michael McCarthy, Candidate Attorney.
In November 2023 the Financial Action Task Force issued a Follow-up Report and Technical Compliance Re-Rating outlining the progress South Africa has made to address identified anti-money laundering and counter-terrorist financing deficiencies. The report highlights that while progress has been made to address most technical compliance
This blog was co-authored by Michael McCarthy, Candidate Attorney.
In November 2023 the Financial Action Task Force issued a Follow-up Report and Technical Compliance Re-Rating outlining the progress South Africa has made to address identified anti-money laundering and counter-terrorist financing deficiencies. The report highlights that while progress has been made to address most technical compliance