Economist Iraj Abedian says South Africas removal from the Financial Action Task Forces FATF greylist is a step in the right direction, but a lot more needs to be done to maintain its status .
It emphasises that government has worked tirelessly to address all the deficiencies reflected in the 22-action item plan agreed between South Africa and FATF.
The global financial crime watchdog placed SA on the grey list in 2023, citing the countrys failure to comply with international standards around the prevention of money laundering and terrorist financing.
