# FATF greylists South Africa for AML/CFT failures

Date: 2023

## The fact

On 24 February 2023 the Financial Action Task Force placed South Africa on its grey list for anti-money-laundering and counter-terrorist-financing failures. State-capture residue sat as parent. Exit is a later child.

## Context

Zondo implementation sat as parent. Neighbouring Phala Phala is a neighbour integrity file. He did not sit as FATF.

Phala Phala is a neighbour. FATF exit 2025 is a child.

The President of South Africa heads the national executive, appoints Cabinet, and assents to bills. He does not write an Eskom generation print, an NPA charging decision, a DA court challenge, or a US executive order by himself. Phala Phala cash in a sofa is not a completed criminal verdict unless a court so holds.

## Evidence and sources

The Presidency of South Africa carries the official instrument or communique. Reuters records the same dated act independently.

## Significance

The path is [fiscal-policy sustainability](/drivers/fiscal-policy-sustainability): a completed AML greylist under his presidency.

## What is established and what is not

Established: 24 February 2023 FATF greylist, independently reported.

What would change the picture: a contradictory original with a different date or name, a later repeal, a court that vacated the instrument, or a measured series that can be argued, with lag and alternatives, as a consequence of this instrument rather than of later institutions.

The date is the date of this instrument, not a licence to back-date every later harm or benefit.

He owned the executive’s AML repair. National Treasury and FIC share the file.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies FATF greylists South Africa for AML/CFT failures, not a later speech about FATF greylists South Africa for AML/CFT failures.

Co-authors and later implementers named in Context remain on the file. FATF greylists South Africa for AML/CFT failures on 2023-02-24 is not a licence to treat every later The Presidency of South Africa communique as this same act. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. This dossier refuses to average FATF greylists South Africa for AML/CFT failures into a personality. The contribution described on this Person row is limited to FATF listed. He owned the executive’s AML repair. National Treasury and FIC share the file. That limit is the alternative to treating office-holding as authorship of every later series.

## People

- Cyril Ramaphosa: https://factrail.ai/people/cyril-ramaphosa

## Drivers

- Fiscal-Policy Sustainability: https://factrail.ai/drivers/fiscal-policy-sustainability
- Democratic Resilience: https://factrail.ai/drivers/democratic-resilience

## Sources

- https://www.reuters.com/world/africa/watchdog-puts-south-africa-money-laundering-grey-list-2023-02-24/
- https://www.thepresidency.gov.za/

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/za-fatf-2023