Four African Nations Off Gray List, Boosting Trust
Update: 2025-12-19
Description
Four African nations, South Africa, Nigeria, Mozambique, and Burkina Faso, have been removed from the FATFs gray list, marking a significant improvement in their financial systems. The FATF President praised these countries for their progress, citing better tools for detecting illegal activities, improved agency collaboration, increased financial intelligence sharing, and stronger bank oversight. This delisting could attract global investors, boost economic growth, and encourage cross-border lending and trade financing. However, some African countries still face FATF review, and continued progress is expected across the region.
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