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DocumentNot applicableMedia statement

PRESS RELEASE - FATF GREYLISTING FSCA

Financial Sector Conduct Authority

Official source

Source domain: www2.fsca.co.za

Collected on 3 October 2026

Always confirm details on the official source before acting.

What this means

This is a Financial Sector Conduct Authority press release responding to South Africa's placement on the FATF grey list on 24 February 2023. It describes progress in AML/CFT supervision, including stronger monitoring, market-entry requirements, collaboration and sanctions. It also says the FSCA will continue strengthening its supervisory and enforcement capacity.

Key Takeaways

  • FATF placed South Africa on its grey list on 24 February 2023
  • South Africa is under heightened monitoring
  • FSCA supervises AML/CFT risks for financial services providers, asset managers and collective investment schemes
  • FSCA established a dedicated AML/CFT supervision department
  • FSCA introduced risk-based supervision and increased sanctions against non-compliant institutions
  • FSCA will continue strengthening AML/CFT supervisory capacity and enforcement
  • Financial Sector Conduct Authority
  • Financial Action Task Force
  • South African Reserve Bank (SARB)
  • Financial Intelligence Centre (FIC)
  • National Treasury
  • Prudential Authority (PA)
  • Unathi Kamlana

Dates

Closing Date

24 February 2023