Treasury says South Africa is making progress with measures to exit greylisting

The National Treasury says it is satisfied with the outcomes of intergovernmental body the Financial Action Task Force’s (FATF’s) plenary meeting outcomes, despite South Africa not being likely to exit greylisting before June 2025. During its meeting, held in Singapore on June 28, the FATF did not discuss the delisting of South Africa from greylisting at this juncture, but rather focused on the progress having been made by South Africa in addressing action items.