Displaying items by tag: FATF

Nigeria, South Africa, Mozambique, and Burkina Faso have been removed from the Financial Action Task Force’s (FATF’s) global ‘grey list’, marking a crucial milestone in Africa’s financial integrity efforts. Once seen as high-risk for money laundering and terrorist financing, these nations have implemented sweeping reforms which have restored investor confidence and strengthened global partnerships. Nigeria’s tighter oversight of mobile money and anti-money-laundering laws, and South Africa’s expanded powers for financial regulators, have begun rebuilding trust in governance and transparency. Mozambique and Burkina Faso have improved their ability to track illicit cross-border transactions linked to armed groups. The delisting signals international recognition of progress - but it also serves as a reminder that vigilance and accountability must continue. For ordinary citizens, these reforms bring promise of greater economic stability, job creation, and stronger consumer protection: neighbouring countries could experience a confidence rebound, especially in attracting greater international investment.

Published in Worldwide
Copyright © 2017 World Prayer Centre / Prayer Hub Partners. All rights Reserved. The World Prayer Centre is a company limited by guarantee registered in England No.3601828. Registered Charity No. 1072222. Privacy Policy.