{"id":47,"date":"2025-10-26T18:18:46","date_gmt":"2025-10-26T18:18:46","guid":{"rendered":"https:\/\/inernews.online\/?p=47"},"modified":"2025-10-26T18:18:46","modified_gmt":"2025-10-26T18:18:46","slug":"four-african-countries-taken-off-global-money-laundering-grey-list-money-laundering-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=47","title":{"rendered":"Four African countries taken off global money-laundering \u2018grey list\u2019 | Money Laundering News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>South Africa, Nigeria, Mozambique, Burkina Faso removed from Financial Action Task Force\u2019s financial crimes list.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 24 Oct 2025<\/span><span aria-hidden=\"true\">24 Oct 2025<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p class=\"p1\">A global money-laundering watchdog has taken South Africa, Nigeria, Mozambique and Burkina Faso off its \u201cgrey list\u201d of countries subjected to increased monitoring.<\/p>\n<p>The Financial Action Task Force\u2019s (FATF), a financial crimes watchdog based in France, on Friday said it was removing the four countries after \u201csuccessful on-site visits\u201d that showed \u201cpositive progress\u201d in addressing shortcomings within agreed timeframes.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 3 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>The FATF maintains \u201cgrey\u201d and \u201cblack\u201d lists for countries it has identified as not meeting its standards. It considers grey list countries to be those with \u201cstrategic deficiencies\u201d in their anti-money laundering regimes, but which are nonetheless working with the organisation to address them.<\/p>\n<p>FATF President Elisa de Anda Madrazo called the removal of the four \u201ca positive story for the continent of Africa\u201d.<\/p>\n<p class=\"p1\">South Africa revamped its tools to detect money laundering and terrorist financing, she said, while Nigeria created better coordination between agencies, Mozambique increased its financial intelligence sharing, and Burkina Faso improved its oversight of financial institutions.<\/p>\n<p>Nigeria and South Africa were added to the list in 2023, preceded by Mozambique in 2022 and Burkina Faso in 2021.<\/p>\n<p>Officials from the four countries \u2013 which will no longer be subject to increased monitoring by the organisation \u2013 welcomed the decision.<\/p>\n<p>Nigerian President Bola Ahmed Tinubu said the delisting marked a \u201cmajor milestone in Nigeria\u2019s journey towards economic reform, institutional integrity and global credibility\u201d, while the country\u2019s Financial Intelligence Unit separately said it had \u201cworked resolutely through a 19-point action plan\u201d to demonstrate its commitment to improvements.<\/p>\n<p>Edward Kieswetter, commissioner of the South African Revenue Service, also cheered the update but said, \u201cRemoving the designation of grey listing is not a finish line but a milestone on a long-term journey toward building a robust and resilient financial ecosystem.\u201d<\/p>\n<p>Leaders in Mozambique and Burkina Faso did not immediately comment, though Mozambican officials had signalled for several months that they were optimistic about being removed.<\/p>\n<p>In July, Finance Minister Carla Louveira said Mozambique was \u201cnot simply working to get off the grey list, but working so that in the fight against money laundering and terrorist financing, when the FATF makes its assessment in 2030, it will find a completely different situation from the one detected in 2021,\u201d MZ News reported at the time.<\/p>\n<p>More than 200 countries around the world have pledged to follow the standards of the FATF, which reviews their efforts to combat money laundering, as well as terrorist and weapons financing.<\/p>\n<p>The FATF\u2019s black or \u201chigh-risk\u201d list consists of Iran, Myanmar and North Korea.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa, Nigeria, Mozambique, Burkina Faso removed from Financial Action Task Force\u2019s financial crimes list. Published On 24 Oct 202524 Oct 2025 Click here to share on social media share2 Share A global money-laundering watchdog has taken South Africa, Nigeria, Mozambique and Burkina Faso off its \u201cgrey list\u201d of countries subjected to increased monitoring. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-47","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/47","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/47\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/48"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}