The African National Congress (ANC) welcomes the announcement that South Africa has officially been removed from the Financial Action Task Force (FATF) grey list.
South Africa’s removal from the grey list is a direct outcome of decisive and coordinated action taken across the ANC-led government, law enforcement, regulatory bodies, and the financial sector. Over the past two years, our country has implemented comprehensive reforms to address the deficiencies identified by the FATF.
This development is a vote of confidence in our country’s reform agenda and in our determination to ensure accountability, transparency, and ethical governance.
The ANC commends the leadership of the South African government, under President Cyril Ramaphosa, for driving this turnaround and for demonstrating that South Africa is serious about restoring confidence in its institutions and financial systems.
The fight against corruption, financial crime, and illicit financial flows must remain a national priority, not only to meet international standards but to safeguard the integrity of our democracy and ensure that public resources are used for the benefit of the people.