South Africa has been removed from the Grey List.

PJ Botha • October 30, 2025

South Africa has officially been removed off the Financial Action Task Force's (FATF) grey list as of October 24, 2025. This comes after 33 months of work to strengthen the country's anti-money laundering and counter-terrorism systems.


Why Was South Africa Grey Listed in the first place?

In February 2023, the FATF placed South Africa on the grey list due to weaknesses in its ability to enforce anti-money laundering regulations. These included ineffective investigations and prosecutions, particularly in severe money laundering and terrorist financing cases.
To get off the list, South Africa needed to accomplish 22 action items. By June 2025, the FATF reported that all items had been handled. Although some areas, like as prosecutions, require improvement, this did not prevent the country from being removed from the list.


What is the Function of the Financial Intelligence Centre (FIC)?

The Financial Intelligence Centre helped South Africa achieve FATF regulations. It enhanced how it oversees businesses and professions that deal with money but are not banks, employing stronger risk assessment tools and compliance measures.
The FIC also collaborated extensively with law enforcement, promoting the use of financial intelligence in investigations. This resulted in genuine results, such as the freezing of approximately R157 million in suspected illegal funds and the recovery of nearly R144 million in stolen money.


What impact did the listing have on the Economy and Investments?

Being on the Grey List increased the cost and complexity of foreign transactions. It also harmed investor confidence, particularly while South Africa holds the G20 presidency in 2025.
Financial experts predict that now that the country is no longer on the list, investor sentiment will improve.

According to PPS Investments, this may lead to:
Improved access to global capital.
A stronger Rand.
Increased interest in South African stocks
A better climate for the local property markets.

This change contributes to a more favourable view for South Africa's economy and investment landscape.


How do South Africa compares to other countries that was grey listed?

South Africa's 33-month stint on the grey list is comparable to other countries. Tanzania required 33 months, Nigeria 25 months, Mozambique 37 months, and Burkina Faso 57 months.

What's next?
South Africa is already planning for the next FATF mutual evaluation, which is scheduled for 2026-2027. The FIC states that, while leaving the grey list is a significant step forward, the country must continue to improve its mechanisms for combating financial crime.


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Most of us spend years working out how to grow our wealth, and far less time asking what could put it at risk. We plan as though good health, stable markets and steady momentum will always hold. But wealth can look secure right up until the thing you never planned for happens. Think of how quickly things can change. A pandemic upends your industry. Technology makes your role obsolete. A market slump tempts you into an emotional decision that undoes years of discipline. Each of these begs a simple question: what happens to your wealth-building machine if one of its assumptions fails? Wealth protection vs income protection The two are closely linked, but they are not the same thing. Cover such as disability or severe illness insurance protects your earning power. Wealth protection looks at what that income has built, and what happens to it if you’re no longer around to manage it. 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