Could a greylisted SA take a $38bn hit?

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SA’s banking chiefs are concerned about what a Financial Action Task Forcegreylisting would mean for the country. But with the deadline looming, the government’s response seems lethargic.

It’s not cheap for a country to be considered lax on money laundering and terrorist financing. Ask Pakistan. Ever since its on-off greylisting by the Financial Action Task Force in 2008, it has forgone billions of dollars in GDP — $38bn, in fact.

That, at least, is what Pakistan-based economic consultancy Tabadlab found in a research report released last year. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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Could a greylisted SA take a $38bn hit?SA’s law enforcement agencies need to step up if the country is to avoid being labelled lax on money-laundering and terrorist financing. If they fail, trading with the rest of the world will become decidedly more difficult — and costlier. Greatest trader of all time James_Alderson8 I never believe it until I experience it For a start i deposited R50,000 to test the waters in 7 days I got a return of R500,000, he's diligence and honesty is undeniable. Thank you once again James_Alderson8
Source: FinancialMail - 🏆 20. / 63 Read more »

Could a greylisted SA take a $38bn hit?SA’s law enforcement agencies need to step up if the country is to avoid being labelled lax on money-laundering and terrorist financing. If they fail, trading with the rest of the world will become decidedly more difficult — and costlier. Greatest trader of all time James_Alderson8 I never believe it until I experience it For a start i deposited R50,000 to test the waters in 7 days I got a return of R500,000, he's diligence and honesty is undeniable. Thank you once again James_Alderson8
Source: FinancialMail - 🏆 20. / 63 Read more »

Could a greylisted SA take a $38bn hit?SA’s law enforcement agencies need to step up if the country is to avoid being labelled lax on money-laundering and terrorist financing. If they fail, trading with the rest of the world will become decidedly more difficult — and costlier. Greatest trader of all time James_Alderson8 I never believe it until I experience it For a start i deposited R50,000 to test the waters in 7 days I got a return of R500,000, he's diligence and honesty is undeniable. Thank you once again James_Alderson8 I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you. I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
Source: FinancialMail - 🏆 20. / 63 Read more »

Could a greylisted SA take a $38bn hit?SA’s law enforcement agencies need to step up if the country is to avoid being labelled lax on money-laundering and terrorist financing. If they fail, trading with the rest of the world will become decidedly more difficult — and costlier. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: FinancialMail - 🏆 20. / 63 Read more »

Could a greylisted SA take a $38bn hit?SA’s law enforcement agencies need to step up if the country is to avoid being labelled lax on money-laundering and terrorist financing. If they fail, trading with the rest of the world will become decidedly more difficult — and costlier.
Source: FinancialMail - 🏆 20. / 63 Read more »

Could a greylisted SA take a $38bn hit?SA’s law enforcement agencies need to step up if the country is to avoid being labelled lax on money-laundering and terrorist financing. If they fail, trading with the rest of the world will become decidedly more difficult — and costlier
Source: FinancialMail - 🏆 20. / 63 Read more »