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The Financial Action Task Force (FATF) has today released its Mutual Evaluation Report following its assessment of South Africa’s system for anti-money laundering, counter financing of terrorism and counter financing of proliferation (AML/CFT/CPF).

The mutual evaluation of South Africa was conducted by an assessment team led by the International Monetary Fund and included officials from the Eastern and Southern Africa Anti-Money Laundering Group and the FATF member countries. The assessment commenced in April 2019 and was concluded in May 2021. This is the third mutual evaluation conducted on South Africa, following those conducted in 2003 and 2009.

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Issued by National Treasury