South Africa: Money Laundering

Regulators worldwide are accelerating rule-making at an unprecedented pace, creating a widening gap between compliance expectations and organizational capability. South African boards face mounting pressure across AI governance, financial crime prevention, and climate disclosure, with King V's outcomes-based framework now demanding measurable evidence that governance practices actually work. The question is no longer whether organizations can tick compliance boxes, but whether they possess the integrated ov

The Financial Action Task Force's (FATF) confirmed at its Plenary held during the week of 20 – 24 October 2025 that South Africa has been removed from the FATF's greylist.

Amendments to the Trust Property Control Act 1988, which are intended to address the shortcomings in beneficial ownership transparency in South Africa's regulatory framework, were brought into force on 1 April after the implementing regulations were gazetted on 31 March.