Technology will have a key role to play in SA’s efforts to remove itself from the FATF greylist, according to experts.
SA must address two remaining deficiencies to be removed from the Financial Action Task Force greylist by October 2025 , experts warn, with technology seen as a critical enabler.
“Automated sanctions screening, AI-based fraud detection and biometric identity verification are key tools that help monitor suspicious activity and prevent breaches,” said Bell. “For ICT and telecoms firms, delisting would improve international market access and boost investor appeal.”and World Wide Worx underline growing digital ID fraud concerns, with over half of South African businesses anticipating increased threats.
A February 2025 FATF statement acknowledged SA’s progress, citing improved regulatory enforcement and greater access to beneficial ownership data. However, Bell warned the greylist status still poses significant risks.
Jonny Bell Lexisnexis Risk Solutions Iidentifii World Wide Worx Mark Walker IDC Financial Action Task Force
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