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"contents": "<div class=\"news--content\"><article>A delegation led by the National Treasury’s Acting-Director General Ismail Momoniat will meet with the Financial Action Task Force’s Joint Group in Rabat, Morocco, on 13 January, the National Treasury said on Friday in a statement.</article><article></article><article></article><article></article><article>This comes after President Cyril Ramaphosa late last month signed into law two key pieces of legislation that was seen as important in addressing deficiencies flagged by the watchdog.<iframe id=\"doc_80296\" class=\"scribd_iframe_embed\" title=\"Media Statement-Enactment of Key Anti-money Laundering and Combating of Terror Financing Laws\" src=\"https://www.scribd.com/embeds/618234835/content?start_page=1&view_mode=scroll&access_key=key-nrrCo66c6iwI8oNeHzy2\" width=\"100%\" height=\"600\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"0.75\"></iframe>Officials from the central bank, tax office and law enforcement agencies will participate in the meeting in which they’ll update the Paris-based body on progress by the South African authorities.\r\n<table>\r\n<tbody>\r\n<tr>\r\n<th class=\"news-rsf-table-string\">Read More</th>\r\n</tr>\r\n<tr>\r\n<td class=\"news-rsf-table-string\">\r\n<ul>\r\n \t<li><a href=\"https://www.bloomberg.com/news/articles/2022-11-16/south-africa-revamps-finance-system-in-face-of-gray-listing-risk\" target=\"_blank\" rel=\"noopener noreferrer\">South Africa revamps finance system in face of greylisting risk</a></li>\r\n \t<li><a href=\"https://www.bloomberg.com/news/articles/2022-11-08/south-africa-readying-new-anti-graft-laws-finance-chief-says\" target=\"_blank\" rel=\"noopener noreferrer\">South Africa readying new anti-graft laws, finance chief says</a></li>\r\n</ul>\r\n</td>\r\n</tr>\r\n</tbody>\r\n</table>\r\nAfrica's most industrialised economy was found wanting in all 11 of the FATF’s effectiveness measures to combat money laundering and the financing of terrorism. The evaluation was carried out in 2019 following an era of endemic graft during Jacob Zuma’s nine-year presidency.\r\n\r\nZuma, who quit in 2018 under pressure from the governing party, has repeatedly denied wrongdoing.\r\n\r\nThe central bank has previously warned that grey-listing may have wide-reaching consequences for South Africa’s financial system. Besides causing reputational damage, it could lead to capital and currency outflows, while transactional, administrative and funding costs for banks could increase, it said. <strong>BM/DM</strong>\r\n\r\n</article></div>",
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