21 min
Greylisting: Unveiling South Africa's AML Efforts and the 2025 Delisting Ambition Webber Wentzel Legal Insights
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- Business
A year ago, greylisting by the Financial Action Task Force (FATF) cast a shadow over South Africa's financial landscape. This designation, which represents deficiencies in a country's regulatory regime in the fight against money laundering, proliferated financing and terrorist financing, has raised concerns about economic consequences and global competitiveness.
In this podcast, Gabi Richards-Smith, Lerato Lamola, Kirsten Wolmarans, and Rashaad Carrim delve into the complex journey of removing South Africa from greylisting.
This insightful discussion tackles the remaining hurdles and emphasises the collective effort needed for delisting. While challenges persist, cautious optimism prevails for a 2025 delisting and a more robust anti-money laundering system in South Africa.
Guests: Lerato Lamola – Associate Director, Webber Wentzel Financial Regulatory, Kirsten Wolmarans – partner, Webber Wentzel Dispute Resolution and Rashaad Carrim – partner, Webber Wentzel Banking and Finance
Host: Gabi Richards-Smith – partner, Webber Wentzel Financial Regulatory
A year ago, greylisting by the Financial Action Task Force (FATF) cast a shadow over South Africa's financial landscape. This designation, which represents deficiencies in a country's regulatory regime in the fight against money laundering, proliferated financing and terrorist financing, has raised concerns about economic consequences and global competitiveness.
In this podcast, Gabi Richards-Smith, Lerato Lamola, Kirsten Wolmarans, and Rashaad Carrim delve into the complex journey of removing South Africa from greylisting.
This insightful discussion tackles the remaining hurdles and emphasises the collective effort needed for delisting. While challenges persist, cautious optimism prevails for a 2025 delisting and a more robust anti-money laundering system in South Africa.
Guests: Lerato Lamola – Associate Director, Webber Wentzel Financial Regulatory, Kirsten Wolmarans – partner, Webber Wentzel Dispute Resolution and Rashaad Carrim – partner, Webber Wentzel Banking and Finance
Host: Gabi Richards-Smith – partner, Webber Wentzel Financial Regulatory
21 min