Shades of Grey: SARS Clearances and Greylisting

The greylisting of South Africa by the Financial Action Task Force (FATF), due to concerns about the country’s anti-money laundering efforts, has had significant consequences for individuals and businesses operating within South Africa. One of the key impacts of greylisting is the increased scrutiny of cross-border financial transactions, particularly with the remittance of funds out of the country.

Khutso Makgoka
Legal Consultant: Expatriate Tax at Financial Emigration