A global anti-money-laundering watchdog said Friday that it removed South Africa, Burkina Faso, Nigeria and Mozambique from its “grey list” of countries subjected to increased monitoring.
Countries on the grey list of the Financial Action Task Force (FATF) have “strategic deficiencies” in their efforts to counter money laundering and terrorist financing, but are cooperating with the agency to correct the problems.
After “successful on-site visits”, delegates at a FATF meeting in Paris removed the four nations, saying they had completed their action plans within agreed timeframes.”