SA puts muscle into efforts to get off greylist
Treasury is leading talks with the government, the SARB and regulators, to increase capacity and deepen the stringency of its sanctions and penalties, in line with FATF’s recommendations. “The answer to what gets us out is all of us working together in the spaces we are mandated and having instruments and tools to influence. So it’s the [Reserve Bank], the FSCA, the National Treasury as the fiscal authority, and getting growth going in general,” says FSCA.