Risk management and mitigation to reduce exposure for financial investment, projects, engineering, businesses. Concept with manager's hand turning knob to low level. Reduction strategy.
The consensus is that South Africa is about to be ‘grey-listed’ by the international Financial Action Task Force, of which, ironically, it is a member. It’s not as if we weren’t warned. The FATF South African Mutual Valuation Report published in 2021 found that South Africa had yet to develop coordinated and holistic national anti-money laundering/combatting the financing of terrorism (AML/CFT) policies informed by ML/TF risks.