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South Africa’s corruption makes it a risk to the global financial system

The Hill•Sunday, September 28, 2025 at 6:00:00 PM
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South Africa’s corruption makes it a risk to the global financial system
South Africa's ongoing corruption issues have raised significant concerns about its impact on the global financial system. The Financial Action Task Force (FATF) placed the country on its 'grey list' in 2023, highlighting its struggles to combat illicit finance effectively. This situation not only poses risks for South Africa but also for international financial stability. The U.S. is urged to leverage its influence to encourage South Africa to implement necessary reforms, making this a critical moment for both nations.
— Curated by the World Pulse Now AI Editorial System
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