Shades of Grey: SARS Clearances and Greylisting

The greylisting of South Africa by the Financial Action Task Force (FATF), due to concerns about the country’s anti-money laundering efforts, has had significant consequences for individuals and businesses operating within South Africa. One of the key impacts of greylisting is the increased scrutiny of cross-border financial transactions, particularly with the remittance of funds out of the country.

Victoria Lancefield

Victoria Lancefield
Director of Expatriate Tax and Banking Engagement at Africorp Treasury

Khutso Makgoka
Legal Consultant: Expatriate Tax at Financial Emigration