South Africa: Report on the Observance of Standards and Codes — FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

April 30, 2004

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Format: Chicago

South Africa: Report on the Observance of Standards and Codes — FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This report provides a summary of the level of observance with the financial assessment task force recommendations and recommendations to strengthen observance. South Africa has developed a comprehensive legal structure to combat money laundering. The financial intelligence unit and other supervisory and investigative bodies appear adequately staffed and genuinely committed to implementing the new system. However, many of these measures are new and have not yet been fully put into effect, and all sectors will continue to increase attention and training on antimoney-laundering issues.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing

Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), CR, FATF plenary, FATF recommendation, FICA regulation, Financial institution, Financing of terrorism, ISCR, Legal support in revenue administration, Money laundering, Money laundering offence, Offence, Terrorism, Terrorism financing

Publication Details

Pages:

8
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/119
Stock No:

1ZAFEA0012004
ISBN:

9781451840988
ISSN:

1934-7685

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