Greylisting puts SA at risk of decreased international credibility: expert

JOHANNESBURG - South Africa will suffer decreasing international credibility the longer it remains on the grey list.

That is according to a compliance manager at Compli-Serve, James George.

READ: SA's economic troubles | Greylisting will affect township economies

The Financial Action Task Force has placed the country on the grey list for not being fully compliant with anti-money laundering and terrorist financing standards.

The organisation says money-laundering investigations and prosecutions need to increase leading to the seizure of assets linked to crimes.