South Africa: Removal from Financial Action Task Force “grey list”
This decision follows South Africa’s successful implementation of the 22 action items required by the FATF.
The South Africa Revenue Service (SARS) on October 24, 2025, issued a press release announcing the decision of the Financial Action Task Force (FATF) to delist South Africa from its grey list. This decision follows South Africa’s successful implementation of the 22 action items required by the FATF.
South Africa was initially placed on the FATF grey list in February 2023 due to systemic weaknesses aggravated during the period of state capture. SARS acknowledged the impact of these vulnerabilities and reiterated its continued commitment to implementing robust measures aimed at preventing future financial crime and safeguarding the financial ecosystem.
Read a November 2025 report prepared by the KPMG member firm in South Africa