{"id":55027,"date":"2023-01-13T13:50:20","date_gmt":"2023-01-13T11:50:20","guid":{"rendered":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/"},"modified":"2025-03-20T23:58:10","modified_gmt":"2025-03-20T21:58:10","slug":"sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113","status":"publish","type":"post","link":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/","title":{"rendered":"SA\u2019s financial strategy to circumvent dreaded greylisting"},"content":{"rendered":"\n<p>The Department of Finance has announced the commencement of South Africa\u2019s new General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act.<\/p>\n\n\n\n<p>The Anti-Money Laundering and Combating Terrorism Financing Amendment Act is an omnibus Act aimed at amending various pieces of legislation to address deficiencies related to combatting money laundering and terrorism financing and bring South Africa into compliance with the global standards set by the Financial Action Task Force (FATF).<\/p>\n\n\n\n<p>This is South Africa\u2019s main response to the threat of greylisting by the FATF and was fast-tracked through parliament in a bid to avoid that outcome.<\/p>\n\n\n\n<p>The Act was signed into law by the president on 22 December 2022.<\/p>\n\n\n\n<p>The Act amends five pieces of legislation to satisfy the technical compliance deficiencies that were identified by the FATF. These are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Companies Act<\/li>\n\n\n\n<li>Financial Intelligence Centre Act (FICA)<\/li>\n\n\n\n<li>Financial Sector Regulation Act (FSRA)<\/li>\n\n\n\n<li>Non-Profit Organisations (NPO) Act, and<\/li>\n\n\n\n<li>Trust Property Control Act.<\/li>\n<\/ul>\n\n\n\n<p>The response amends four of the above mentioned Acts (not the NPO Act) to include a definition of \u201cbeneficial owner\u201d.<\/p>\n\n\n\n<p>The Act gives the executive arm of government unfettered powers to make regulations on access to information that is mainly private, particularly in respect of trusts. One of the main aims of the Act is to provide for the disclosure of the beneficial owners and the ultimate controllers of trusts, companies and non-profit organisations (NPOs).<\/p>\n\n\n\n<p>Finance minister Enoch Godongwana said the laws address deficiencies in at least 14 of the 20 recommendations, including an appropriate enhancement of powers and procedures for regulatory authorities.<\/p>\n\n\n\n<p>South Africa had until October 2022 to take the necessary remedial steps to avoid being greylisted by the FATF, which would make it more difficult for countries to conduct business with South Africa and subject local companies to added checks and balances.<\/p>\n\n\n\n<p>The National Treasury has expressed confidence that the greylisting could be avoided through the new laws. It also said that having a financial system that was able to adequately address risks of money laundering and terrorist financing was in the public interest.<\/p>\n\n\n\n<p>The FATF will decide in February whether or not South Africa has done enough to avoid the list.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Finance has announced the commencement of South Africa\u2019s new General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act.<\/p>\n","protected":false},"author":20,"featured_media":55029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_linkdex":"","_yoast_wpseo_content_score":"","_yoast_wpseo_inclusive_language_score":"","_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_canonical":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_twitter-image-id":"","newspack_ads_suppress_ads":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","_crsspst_to_novanewscoza":false,"_crsspst_to_novanewscozabloemnewsexpress":false,"_crsspst_to_novanewscozacityvision":false,"_crsspst_to_novanewscozadistrictmailhelderberg":false,"_crsspst_to_novanewscozaeikestadnuus":false,"_crsspst_to_novanewscozahermanustimes":false,"_crsspst_to_novanewscozakomani-karoo":false,"_crsspst_to_novanewscozakougaexpress":false,"_crsspst_to_novanewscozamthathaexpress":false,"_crsspst_to_novanewscozanoordkaapbulletin":false,"_crsspst_to_novanewscozapaarlpost":false,"_crsspst_to_novanewscozapeexpress":false,"_crsspst_to_novanewscozapeoplespost":false,"_crsspst_to_novanewscozaswartlandgazette":false,"_crsspst_to_novanewscozatygerburger":false,"_crsspst_to_novanewscozaudexpress":false,"_crsspst_to_novanewscozavrystaatkroon":false,"_crsspst_to_novanewscozaweskusnuus":false,"_crsspst_to_novanewscozaweslander":false,"_crsspst_to_novanewscozaworcesterstandard":false,"_EventAllDay":"","_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":"","_EventShowMapLink":"","_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":"","_EventVenueID":"","_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":"","_VenueShowMapLink":"","_application":"","_batch_id":"","_company_name":"","_company_tagline":"","_company_twitter":"","_company_video":"","_company_website":"","_custom_id":"4a79ec10-564f-4356-a1c3-69eb660f1be4","_EventDuration":"","_EventOrigin":"","_EventTimezoneAbbr":"","_featured":"","_filled":"","_job_expires":"","_job_location":"","_media_credit":"","_media_credit_url":"","_menu_item_menu_item_parent":"","_menu_item_object":"","_menu_item_object_id":"","_menu_item_target":"","_menu_item_type":"","_menu_item_url":"","_menu_item_xfn":"","_navis_media_can_distribute":"","_navis_media_credit_org":"","_OrganizerOrigin":"","_provider":"","_pum_built_in":"","_pum_default_theme":"","_pum_form_conversion_count":"","_remote_id":"","_remote_name":"","_remote_position":"","_report_frequency":"","_report_reference_dates":"","_send_attempts":"","_site_id":"","_sitemap_exclude":"","_sitemap_frequency":"","_sitemap_priority":"","_source_url":"","_subscription_period":"","_subscription_period_interval":"","_subscription_price":"","_tec_slr_enabled":"","_tec_slr_layout":"","_template_type":"","_ticket_end_date":"","_ticket_start_date":"","_tribe_aggregator_allow_multiple_organizers":"","_tribe_aggregator_content_type":"","_tribe_aggregator_file":"","_tribe_aggregator_finalized":"","_tribe_aggregator_hash":"","_tribe_aggregator_import_id":"","_tribe_aggregator_import_name":"","_tribe_aggregator_interactive":"","_tribe_aggregator_origin":"","_tribe_aggregator_post_status":"","_tribe_aggregator_preview":"","_tribe_aggregator_source_name":"","_tribe_aggregator_type":"","_tribe_default_ticket_provider":"","_tribe_hide_attendees_list":"","_tribe_rsvp_for_event":"","_tribe_ticket_capacity":"","_tribe_ticket_header":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":"","_tribe_ticket_version":"","_type":"","_VenueOrigin":"","_wp_attachment_context":"","_wp_attachment_image_alt":"","_wp_font_face_file":"","_wp_old_date":"","_yoast_wpseo_estimated-reading-time-minutes":"","_yoast_wpseo_focuskeywords":"","_yoast_wpseo_focuskw_text_input":"","_yoast_wpseo_keywordsynonyms":"","_yoast_wpseo_primary_block-catalog":"","_yoast_wpseo_primary_category":"","_yoast_wpseo_primary_job_listing_type":"","_yoast_wpseo_primary_nova_retailer":"","_yoast_wpseo_primary_publication":"","_yoast_wpseo_primary_tribe_events_cat":"","_yoast_wpseo_videositemap-duration":"","_yoast_wpseo_videositemap-rating":"","_menu_item_classes":[],"_tribe_modified_fields":[],"_wp_attachment_backup_sizes":[],"_wp_suggested_privacy_policy_content":[],"_yoast_post_redirect_info":[],"_yoast_wpseo_video_meta":[],"activation_date":"","archive_insertion_is_repeating":"","archive_insertion_posts_count":"","article_feature_media":"","article_feature_type":"","article_main_image_caption":"","article_media_icon":"","article_template":"","author_byline":"Marti Will","background_color":"","block_editor":"","byline":"","cmplz_hide_cookiebanner":"","competition_end_date":"","contact_advertise_email":"","contact_advertise_phone":"","contact_editorial_email":"","contact_general_email":"","contact_general_phone":"","contact_office_hours":"","contact_physical_address":"","enabled":"","featured_image_custom_caption":"","featured_video_url":"","fields":"","font_body":"","font_header":"","frequency":"","headline":"","hide_border":"","icon":"","is_wp_suggestion":"","issuu_download_url":"","issuu_embed_url":"","language_version_url":"","large_border":"","name":"","nm_contact_name":"","nm_contact_number":"","nm_date_lost":"","no_overlay_background":"","node-url":"","obituary_born_date":"","obituary_died_date":"","obituary_memoriam_text":"","origin":"","overlay_color":"","overlay_opacity":"","overlay_size":"","placement":"","plural_label":"","post_author":"","post_id":"","post_language":"en","secret-key":"","sponsored_utm_campaign":"","sponsored_utm_content":"","sponsored_utm_medium":"","sponsored_utm_source":"","sponsored_utm_term":"","start_date":"","utm_suppression":"","video_embed_url":"","wp_pattern_sync_status":"","data_version":[],"enclosure":[],"pongrass_image":[],"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_newspack_byline_active":false,"_newspack_byline":"","newspack_content_restriction_is_exempt":false,"scaip_prevent_shortcode_addition":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[7970],"tags":[],"newspack_spnsrs_tax":[],"publication":[],"class_list":["post-55027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SA\u2019s financial strategy to circumvent dreaded greylisting | Vista<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SA\u2019s financial strategy to circumvent dreaded greylisting\" \/>\n<meta property=\"og:description\" content=\"The Department of Finance has announced the commencement of South Africa\u2019s new General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/\" \/>\n<meta property=\"og:site_name\" content=\"Vista\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/VistaNewsNuus\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-13T11:50:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-20T21:58:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/a9fb0b2700394b5f899f008bba3d404d.jpeg?fit=720%2C400&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marti Will\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vista\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/\"},\"author\":{\"name\":\"Vista\",\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#\\\/schema\\\/person\\\/21061a6ffd102003447c400f78cc5bfe\"},\"headline\":\"SA\u2019s financial strategy to circumvent dreaded greylisting\",\"datePublished\":\"2023-01-13T11:50:20+00:00\",\"dateModified\":\"2025-03-20T21:58:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/\"},\"wordCount\":363,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/a9fb0b2700394b5f899f008bba3d404d.jpeg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/\",\"url\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/\",\"name\":\"SA\u2019s financial strategy to circumvent dreaded greylisting | Vista\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/a9fb0b2700394b5f899f008bba3d404d.jpeg\",\"datePublished\":\"2023-01-13T11:50:20+00:00\",\"dateModified\":\"2025-03-20T21:58:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/#breadcrumb\"},\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/#primaryimage\",\"url\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/a9fb0b2700394b5f899f008bba3d404d.jpeg\",\"contentUrl\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/a9fb0b2700394b5f899f008bba3d404d.jpeg\",\"width\":720,\"height\":400,\"caption\":\"The Anti-Money Laundering and Combating Terrorism Financing Amendment Act is an omnibus Act aimed at amending various pieces of legislation to address deficiencies related to combatting money laundering and terrorism financingPhoto: Stock\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"SA\u2019s financial strategy to circumvent dreaded greylisting\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#website\",\"url\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/\",\"name\":\"Vista News\",\"description\":\"To Inform, Engage and Empower Local Communities\",\"publisher\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-ZA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#organization\",\"name\":\"Vista News\",\"url\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/vista-site-icon.png\",\"contentUrl\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/vista-site-icon.png\",\"width\":512,\"height\":512,\"caption\":\"Vista News\"},\"image\":{\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/VistaNewsNuus\",\"https:\\\/\\\/www.instagram.com\\\/vistanewspaper\"],\"description\":\"Vista is a regional newspaper based in Welkom, the capital of Matjhabeng Municipality, in the central Free State. Vista, an English\\\/Afrikaans publication, first brought news to the community on 23 April 1971, with the following message on the front page: \u201cWe are here to write about the Goldfield and its people. We are here to serve the area in which we find ourselves, and with the help of our readers \u2013 who refine us with their constructive criticism.\",\"email\":\"vistanews@novusmedia.co.za\",\"telephone\":\"+27573571304\",\"legalName\":\"Novus Media (Pty) Ltd\",\"foundingDate\":\"2025-01-01\",\"vatID\":\"4100318916\",\"taxID\":\"2000\\\/018234\\\/07\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/#\\\/schema\\\/person\\\/21061a6ffd102003447c400f78cc5bfe\",\"name\":\"Vista\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9314f07ac8cd90ba9f9b01f9bc9c51ab642163d2b4e145dce575ce1d9f0cce5f?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9314f07ac8cd90ba9f9b01f9bc9c51ab642163d2b4e145dce575ce1d9f0cce5f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9314f07ac8cd90ba9f9b01f9bc9c51ab642163d2b4e145dce575ce1d9f0cce5f?s=96&d=mm&r=g\",\"caption\":\"Vista\"},\"url\":\"https:\\\/\\\/novanews.co.za\\\/vistanews\\\/author\\\/vista\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SA\u2019s financial strategy to circumvent dreaded greylisting | Vista","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/","og_locale":"en_US","og_type":"article","og_title":"SA\u2019s financial strategy to circumvent dreaded greylisting","og_description":"The Department of Finance has announced the commencement of South Africa\u2019s new General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act.","og_url":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/","og_site_name":"Vista","article_publisher":"https:\/\/www.facebook.com\/VistaNewsNuus","article_published_time":"2023-01-13T11:50:20+00:00","article_modified_time":"2025-03-20T21:58:10+00:00","og_image":[{"width":720,"height":400,"url":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/a9fb0b2700394b5f899f008bba3d404d.jpeg?fit=720%2C400&ssl=1","type":"image\/jpeg"}],"author":"Marti Will","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Vista","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/#article","isPartOf":{"@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/"},"author":{"name":"Vista","@id":"https:\/\/novanews.co.za\/vistanews\/#\/schema\/person\/21061a6ffd102003447c400f78cc5bfe"},"headline":"SA\u2019s financial strategy to circumvent dreaded greylisting","datePublished":"2023-01-13T11:50:20+00:00","dateModified":"2025-03-20T21:58:10+00:00","mainEntityOfPage":{"@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/"},"wordCount":363,"commentCount":0,"publisher":{"@id":"https:\/\/novanews.co.za\/vistanews\/#organization"},"image":{"@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/#primaryimage"},"thumbnailUrl":"https:\/\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/a9fb0b2700394b5f899f008bba3d404d.jpeg","articleSection":["News"],"inLanguage":"en-ZA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/novanews.co.za\/vistanews\/#organization"}},{"@type":"WebPage","@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/","url":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/","name":"SA\u2019s financial strategy to circumvent dreaded greylisting | Vista","isPartOf":{"@id":"https:\/\/novanews.co.za\/vistanews\/#website"},"primaryImageOfPage":{"@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/#primaryimage"},"image":{"@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/#primaryimage"},"thumbnailUrl":"https:\/\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/a9fb0b2700394b5f899f008bba3d404d.jpeg","datePublished":"2023-01-13T11:50:20+00:00","dateModified":"2025-03-20T21:58:10+00:00","breadcrumb":{"@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/#breadcrumb"},"inLanguage":"en-ZA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/"]}]},{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/#primaryimage","url":"https:\/\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/a9fb0b2700394b5f899f008bba3d404d.jpeg","contentUrl":"https:\/\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/a9fb0b2700394b5f899f008bba3d404d.jpeg","width":720,"height":400,"caption":"The Anti-Money Laundering and Combating Terrorism Financing Amendment Act is an omnibus Act aimed at amending various pieces of legislation to address deficiencies related to combatting money laundering and terrorism financingPhoto: Stock"},{"@type":"BreadcrumbList","@id":"https:\/\/novanews.co.za\/vistanews\/sas-financial-strategy-to-circumvent-dreaded-greylisting-20230113\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/novanews.co.za\/vistanews\/"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/novanews.co.za\/vistanews\/news\/"},{"@type":"ListItem","position":3,"name":"SA\u2019s financial strategy to circumvent dreaded greylisting"}]},{"@type":"WebSite","@id":"https:\/\/novanews.co.za\/vistanews\/#website","url":"https:\/\/novanews.co.za\/vistanews\/","name":"Vista News","description":"To Inform, Engage and Empower Local Communities","publisher":{"@id":"https:\/\/novanews.co.za\/vistanews\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/novanews.co.za\/vistanews\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-ZA"},{"@type":"Organization","@id":"https:\/\/novanews.co.za\/vistanews\/#organization","name":"Vista News","url":"https:\/\/novanews.co.za\/vistanews\/","logo":{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/novanews.co.za\/vistanews\/#\/schema\/logo\/image\/","url":"https:\/\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/vista-site-icon.png","contentUrl":"https:\/\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/vista-site-icon.png","width":512,"height":512,"caption":"Vista News"},"image":{"@id":"https:\/\/novanews.co.za\/vistanews\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/VistaNewsNuus","https:\/\/www.instagram.com\/vistanewspaper"],"description":"Vista is a regional newspaper based in Welkom, the capital of Matjhabeng Municipality, in the central Free State. Vista, an English\/Afrikaans publication, first brought news to the community on 23 April 1971, with the following message on the front page: \u201cWe are here to write about the Goldfield and its people. We are here to serve the area in which we find ourselves, and with the help of our readers \u2013 who refine us with their constructive criticism.","email":"vistanews@novusmedia.co.za","telephone":"+27573571304","legalName":"Novus Media (Pty) Ltd","foundingDate":"2025-01-01","vatID":"4100318916","taxID":"2000\/018234\/07","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}},{"@type":"Person","@id":"https:\/\/novanews.co.za\/vistanews\/#\/schema\/person\/21061a6ffd102003447c400f78cc5bfe","name":"Vista","image":{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/secure.gravatar.com\/avatar\/9314f07ac8cd90ba9f9b01f9bc9c51ab642163d2b4e145dce575ce1d9f0cce5f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9314f07ac8cd90ba9f9b01f9bc9c51ab642163d2b4e145dce575ce1d9f0cce5f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9314f07ac8cd90ba9f9b01f9bc9c51ab642163d2b4e145dce575ce1d9f0cce5f?s=96&d=mm&r=g","caption":"Vista"},"url":"https:\/\/novanews.co.za\/vistanews\/author\/vista\/"}]}},"jetpack_featured_media_url":"https:\/\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/a9fb0b2700394b5f899f008bba3d404d.jpeg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":270504,"url":"https:\/\/novanews.co.za\/vistanews\/aarto-goes-live-across-69-municipalities-on-1-december\/","url_meta":{"origin":55027,"position":0},"title":"Aarto goes live across 69 municipalities on 1 December","author":"Lientjie Mentz","date":"5 November 2025","format":false,"excerpt":"The activation of the Administrative Adjudication of Road Traffic Offences Amendment (Aarto) Act is a new chapter in South Africa's battle against road fatalities.","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/novanews.co.za\/vistanews\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/11\/Dirk-Roads-Petition.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/11\/Dirk-Roads-Petition.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/11\/Dirk-Roads-Petition.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/11\/Dirk-Roads-Petition.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":268232,"url":"https:\/\/novanews.co.za\/vistanews\/two-free-staters-sentenced-for-theft-money-laundering-and-fraud\/","url_meta":{"origin":55027,"position":1},"title":"Two Free Staters sentenced for theft, money laundering and fraud","author":"Marti Will","date":"26 August 2025","format":false,"excerpt":"Two individuals received sentences for fraud and money laundering related to theft of unemployment relief funds during the pandemic.","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/novanews.co.za\/vistanews\/news\/"},"img":{"alt_text":"Two sentenced for money laundering and theft in cases investigated by the Directorate for Priority Crimes","src":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/dff61eb0616a405b84cad8e27f000a5a.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/dff61eb0616a405b84cad8e27f000a5a.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/dff61eb0616a405b84cad8e27f000a5a.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":50728,"url":"https:\/\/novanews.co.za\/vistanews\/george-is-south-africas-best-lawyer-in-occupational-health-and-safety-20231130\/","url_meta":{"origin":55027,"position":2},"title":"George is South Africa\u2019s best lawyer in occupational health and safety","author":"Vista","date":"30 November 2023","format":false,"excerpt":"A young man who has his roots in Welkom and Virginia has, for the second year running, been recognised as South Africa\u2019s best lawyer in occupational health and safety (OHS) law.","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/novanews.co.za\/vistanews\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/e25717acb3bd4f6e901e26342a0a3ad1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/e25717acb3bd4f6e901e26342a0a3ad1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/e25717acb3bd4f6e901e26342a0a3ad1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/03\/e25717acb3bd4f6e901e26342a0a3ad1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":266185,"url":"https:\/\/novanews.co.za\/vistanews\/aarto-implementation-delayed-again-new-december-2025-launch-date-announced\/","url_meta":{"origin":55027,"position":3},"title":"AARTO implementation delayed again: New December 2025 launch date announced","author":"Lise Beyers","date":"11 July 2025","format":false,"excerpt":"The Administrative Adjudication of Road Traffic Offences Act (AARTO) faces another postponement, giving businesses more time to prepare for sweeping changes to South African road traffic management. After years of implementation delays and recent confusion caused by misinformation, the AARTO Act has been officially rescheduled for December 2025. The announcement\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/novanews.co.za\/vistanews\/business\/"},"img":{"alt_text":"The new date for the implementation of the AARTO-system has been set for December 2025.","src":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/07\/traffic-officer-process_0.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/07\/traffic-officer-process_0.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/07\/traffic-officer-process_0.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":265044,"url":"https:\/\/novanews.co.za\/vistanews\/six-foreigner-nationals-bust-regarding-illicit-trade-in-fake-goods-worth-r19-m\/","url_meta":{"origin":55027,"position":4},"title":"Six foreign nationals bust regarding illicit trade in fake goods worth R19 m","author":"Teboho Setena","date":"30 June 2025","format":false,"excerpt":"Bloemfontein police seized large counterfeit goods with high-end labels worth an estimated\u00a0R19 million and further bust six foreigners","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/novanews.co.za\/vistanews\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/06\/1Fake-goods-valued-at-more-than-R19-million1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/06\/1Fake-goods-valued-at-more-than-R19-million1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/06\/1Fake-goods-valued-at-more-than-R19-million1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/06\/1Fake-goods-valued-at-more-than-R19-million1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/06\/1Fake-goods-valued-at-more-than-R19-million1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":269122,"url":"https:\/\/novanews.co.za\/vistanews\/gas-entities-reach-full-settlement\/","url_meta":{"origin":55027,"position":5},"title":"Gas entities reach full settlement","author":"Vista","date":"25 September 2025","format":false,"excerpt":"Tetra4 will retain the exclusive rights conferred to it within the Production Right outside of the agreed boundary of the Springbok Solar Project facility to explore and produce area.","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/novanews.co.za\/vistanews\/business\/"},"img":{"alt_text":"Renergen, Tetra 4","src":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/09\/Renergen.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/09\/Renergen.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/09\/Renergen.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/novanews.co.za\/vistanews\/wp-content\/uploads\/2025\/09\/Renergen.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Vista","distributor_original_site_url":"https:\/\/novanews.co.za\/vistanews","push-errors":false,"_links":{"self":[{"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/posts\/55027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/comments?post=55027"}],"version-history":[{"count":0,"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/posts\/55027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/media\/55029"}],"wp:attachment":[{"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/media?parent=55027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/categories?post=55027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/tags?post=55027"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=55027"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/novanews.co.za\/vistanews\/wp-json\/wp\/v2\/publication?post=55027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}