South Africa has begun a fresh assessment cycle focused not only on the wording of anti-money-laundering laws but on their effective use, Eyewitness News reported. National Treasury submitted an initial technical compliance report as part of a review expected to run into 2027.
Leaving increased monitoring is not the end of reform. Supervisors and law-enforcement agencies must demonstrate sustained risk-based oversight, complex-case results, beneficial-ownership transparency and recovery of criminal assets.
The next cycle will be important for banks and designated non-financial businesses because evaluators increasingly look for evidence that controls produce useful reporting and measurable disruption, rather than policy documents alone.
