# President Cyril Ramaphosa says South Africa’s exit from the Financial Action Task Force grey list bodes well for the integrity and reputation of the country’s financial system. In 2023, South Africa was placed on the grey list for failing to meet certain international standards. In his weekly newsletter, Ramaphosa says the country’s exit from the grey list demonstrates that the anti-money laundering system is beginning to act against corruption and other financial crimes. He adds that much work remains to be done to reduce and prevent financial crimes.
President Ramaphosa says South Africa’s exit from the grey list bodes well for the economy