While the decision by the Financial Action Task Force (FATF) to place South Africa on its so-called 'grey list' is disappointing, Absa supports the implementation of the recommended FATF reforms, which are intended to strengthen measures to combat money-laundering, terrorist financing and other similar threats to the financial system.

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Absa Group Limited published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2023 12:29:03 UTC.