With country on dreaded list, EU and UK banks will have to conduct more vigilant due diligence on its transactions
The Financial Action Task Force is highly likely to demote SA to its greylist in early 2023, according to a prediction in a report commissioned by Business Leadership SA .
BLSA released the report conducted by research and consultancy firm Intellidex on Wednesday. It warns of adverse outcomes including a bad rap for SA and higher costs for international transactions...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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