FATF removes four African states from grey list, adopts asset recovery guidance

The Financial Action Task Force (FATF) has removed four African jurisdictions from its grey list, with its president Elisa de Anda Madrazo claiming their governments - of Burkina Faso, Mozambique, Nigeria and South Africa - have made tangible progress on their anti-money laundering/counter financing of terrorism (AML/CFT) action plans.

By Keith Nuthall

The Financial Action Task Force (FATF) has removed four African jurisdictions from its grey list, with its president Elisa de Anda Madrazo claiming their governments - of Burkina Faso, Mozambique, Nigeria and South Africa - have made tangible progress on their anti-money laundering/counter financing of terrorism (AML/CFT) action plans.