South Africa has been added to the Financial Action Task Force’s (FATF) “grey list” of countries under scrutiny for their standards in preventing money laundering and terrorism financing. This could lead to increased monitoring and enhanced due diligence checks for South African clients at international financial institutions, as well as complications in accessing funding from multilateral development institutions and official lenders. South Africa’s central bank and National Treasury have noted the decision and committed to addressing the concerns raised by the FATF. Nigeria was also added to the grey list on the same day.