News in English

South Africa needs more political will to exit dirty-money list

South Africa needs decisive political buy-in to ensure its exit from a global dirty-money watch list by a June deadline, a top official at the nation’s financial regulator said. Finance Minister Enoch Godongwana has ramped up efforts to co-ordinate government response to problem areas identified by the Financial Action Task Force, which compiles the gray list, said Farzana Badat, deputy commissioner of the Financial Sector Conduct Authority.

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