Ramaphosa's actions may have increased the risk of SA being greylisted because we can't be trusted on money-laundering controls 💰
turns a blind eye on the alleged transgressions and of the president it would be the end, as they await further action and then subsequently greylist the country.
“The FATF identified twelve key findings and recommendations required to strengthen the South African financial system, citing state capture, money laundering risks, law enforcement and judicial capacity as some of the key areas needing attention,” Prinsloo and Olen said. “Nevertheless, the impact of greylisting is still to be realised and the South African government does not necessarily need to satisfy all the recommendations posed by the FATF by October 2021.Furthermore, Kgadima said the FATF would have no choice but to greylist SA if “we fail to observe the constitution, because it clearly states; everyone is equal before the law, the moment you say Cyril is not equal before the law… then who else can you tell that SA has got a rule of law”.
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