SOUTH AFRICA IS MISSING FROM 2025 LIST OF TOP TEN AFRICAN COUNTRIES WITH HIGHEST MONEY LAUNDERING RISK; IS THAT A MISTAKE ?

The much-cited BASEL AML INDEX has South Africa at 52 out of 100, in its calculation of money laundering risk levels, which are based upon a number of basic issues, such as weak regulatory frameworks, political instability, and cash-driven economies have made the continent a hotspot for illicit financial activities. However, although much has been made of the country's strengthened AML legislation, its failure to zealously pursue money laundering networks, rampant money laundering due to corruption, and a number of other factors, which we shall discuss at the upcoming Africa Financial Crime seminar, which place it squarely in the category of highest risk for money laundering on the Continent

Basel should have considered all the relevant issues, some of which are unique to South Africa among all the countries surveyed, before making the call that it was not to be placed at the forefront of those nations in its region. Learn what additional factors place it there.

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