South Africa Greylisted

Last Updated on 08/07/2023 by Carl-Peter Lehmann

South Africa has been greylisted by the Financial Action Task Force. While it doesn’t come as big surprise, it could have repercussions for South African investors with foreign assets, and make the cost of doing business with South Africa more difficult for foreign companies. 

While the FATF says it does not call for enhanced due diligence measures to be applied to greylisted jurisdictions, foreign institutions like banks and other financial organisations might see it differently.

Steven Hall, Director and Founding Partner of Henceforward, shares his thoughts in the video below.

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