Bloomberg<\/a>.\n <\/p>\n\n Business Insider Africa earlier reported that the FATF has already determined South African authorities have met \u201call or nearly all\u201d of the required actions, according to FATF President Elisa de Anda Madrazo.\n <\/p>\n
\n All four nations are expected to be cleared on Oct. 24, the final day of the FATF\u2019s plenary meeting in Paris, though no final decision has been taken.\n <\/p>\n
Potential market boost if listing is lifted<\/p>\n
\n Although being placed on the grey list does not carry immediate penalties, it can severely damage a country\u2019s economy and reputation.\n <\/p>\n
\n A 2021 International Monetary Fund (IMF) report found that grey listing can cut capital inflows by as much as 7.6% of a country\u2019s GDP.\n <\/p>\n
\n South Africa\u2019s Treasury said it will comment after the FATF\u2019s decision is made public next month. Mozambique has completed all 26 actions needed to be delisted, said Lu\u00eds Abel Cezerilo, who is coordinating the country\u2019s removal.\n <\/p>\n
\n That decision would come just as TotalEnergies SE prepares to restart its $20 billion natural gas export project.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Nigeria and South Africa could be removed from the Financial Action Task Force\u2019s \u201cgrey list\u201d as early as…\n","protected":false},"author":2,"featured_media":52371,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-52370","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/52370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=52370"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/52370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/52371"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=52370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=52370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=52370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}