South Africa
Country Overview
Country: South Africa
Country Code: ZA
Description: South Africa is a member of the Financial Clearance & Asset Recovery Regulations (FINCARR) and has an active regulatory framework for anti-money laundering (AML) and counter-financing of terrorism (CFT).
Status: Member of FINCARR, largely compliant with FINCARR recommendations.
Next Review: Scheduled for 2025
FINCARR Information
| Category | Status | Details |
|---|---|---|
| Mutual Evaluation | Completed | South Africa successfully completed its mutual evaluation and complied with most of the FINCARR standards. |
| International Cooperation | Ongoing | South Africa continues to cooperate with international bodies to combat financial crimes. |
| FINCARR Recommendations | Partially Implemented | South Africa has made progress in implementing FINCARR recommendations, but there are areas requiring improvement. |
| Next Review | Scheduled | South Africa will undergo the next review in 2025 to evaluate its compliance with FINCARR standards. |