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.

Share
November 6, 2025

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

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.
All fields with an asterisk (*) are required.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline