International Standards

South Africa’s Exit from the FATF Grey List: A Victory for Institutional Reform, But Not the End of the Journey

On 24 October 2025, the Financial Action Task Force (FATF) removed South Africa from its grey list of “Jurisdictions under Increased Monitoring,” marking the end of 32 months of enhanced scrutiny. This delisting marks a significant milestone in South Africa's efforts to strengthen its anti-money laundering and counter-terrorism financing (AML/CFT) framework. Still, it also signals the start of a new phase that will require sustained commitment to financial integrity.