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MUTUAL EVALUATIONS


1ST SOUTH AFRICA FUR WITH RERATING-NOVEMBER 2023

This Follow up Report (FUR) sets out South Africa's progress in strengthening anti-money laundering and counter terrorist financing measures. South Africa has been in an enhanced follow-up process following the adoption of its Mutual Evaluation Report in 2021. Overall, South Africa has made progress in addressing most of the technical compliance deficiencies identified in its Mutual Evaluation. The country has been upgraded on Recommendations 5 and 23 have been upgraded from Partially Compliant to Compliant; Recommendations 1, 7, 10, 14, 18, 22, 24, 25, 26, 27 and 28 have been upgraded from Partially Compliant to Largely Compliant; Recommendation 12 is upgraded from Non-Compliant to Largely Compliant; Recommendation 17 from Non Compliant to Not Applicable; and Recommendations 6, 8 and 15 have been upgraded from Non Compliant to Partially Compliant South Africa has five Recommendations rated Compliant and 29 rated Largely Compliant. Five Recommendations remain Partially Compliant. The country remains in enhanced follow up and will report back to the FATF on progress achieved in improving the implementation of its AML/CFT measures in October 2024.

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 Posted:  04, Dec 23