Nigeria and South Africa removed from global ‘grey list’
Written by David FletcherNigeria, 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.
Additional Info
- Pray: for African leaders to be wise stewards, ensuring increased prosperity for all their people. Pray for financial transparency in every country. (Proverbs 10:9)
- More: www.africanews.com/2025/10/29/nigeria-south-africa-removed-from-global-money-laundering-watchlist/
 
					