South Africa’s looming greylisting by the international Financial Action Task Force (FATF) is contributing to banks’ increased vigilance. Last year FATF, the global financial watchdog, found serious deficiencies in South Africa’s monitoring and prosecution of international money laundering and terrorist financing.
AuthorMichael Kransdorff
Michael Kransdorff is a Harvard educated tax practitioner and financial consultant. He is a South African Chartered Accountant with a Masters in Taxation. His work experience in Banking and Investment has been in both South Africa and London. He was also a senior lecturer at the University of the Witwatersrand. You can email him on michaelkransdorff@intltax.org