SA back from the brink, exit from greylist imminent after massive Treasury effort

After years of institutional decay and global embarrassment, South Africa is poised to exit the FATF greylist - a major financial credibility boost. Treasury veteran Ismail Momoniat explains how two years of legal, cultural, and enforcement reforms reversed the damage of state capture and rebuilt SA’s anti-money laundering system. But he warns: the real test still lies ahead.