Sub-Saharan Africa's largest economies, South Africa and Nigeria, have been removed from a global watchdog's list of countries subject to increased monitoring for illicit money flows.
The Paris-based Financial Action Task Force FATF made the announcement at the end ofa plenary meeting on Friday, also removing commodity-rich Mozambique and Burkina Faso from its grey list'.
South Africa and Nigeria were added to the FATF's list of countries under special scrutiny in 2023, while Mozambique has been there since 2022. Burkina Faso was added in 2021.