South Africa: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, October 7, 2021
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- South Africa: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
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Bibliographic details
- Published: October 7, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781557755124.002
Overview
- Summarizes the AML/CFT measures in place in the Republic of South Africa (South Africa) as at the date of the onsite visit: October 22 to November 12, 2019.
- Analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of South Africa’s AML/CFT system.
- Provides recommendations on how the system could be strengthened.
- Publication date: October 7, 2021.
- Report series: IMF Staff Country Reports.
Scope and subjects covered
- Primary subject: Anti-money laundering and combating the financing of terrorism (AML/CFT).
- Related subjects: Corruption, Crime, Currencies, International organization, Monetary policy, Money, Terrorism.
- Keywords include: Africa; Anti-money laundering and combating the financing of terrorism (AML/CFT); Corruption; Currencies; DPCI predicate offense investigation activity; DPCI priority crime; Global; ML conviction; ML investigation; Southern Africa; Sub-Saharan Africa; Terrorism; TF risk.
Core analytical focus
- Assessment of compliance with the FATF 40 Recommendations.
- Evaluation of the effectiveness of South Africa’s AML/CFT system based on findings from the onsite visit (October 22 to November 12, 2019).
- Identification of weaknesses and gaps in legal, institutional, and operational frameworks relevant to AML/CFT.
- Formulation of recommendations to strengthen South Africa’s AML/CFT regime.
Intended use and audience
- Policymakers and authorities responsible for AML/CFT policy and enforcement in South Africa.
- International organizations and stakeholders tracking FATF compliance and AML/CFT effectiveness.
- Researchers and practitioners focused on corruption, financial crime, and terrorism financing risks in Southern Africa and Sub-Saharan Africa.
International Monetary Fund. South Africa: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism, IMF Staff Country Reports 2021, 227 (2021).
Content in this bundle
- 1zafea2021001 — South Africa