Underground banking becomes ‘money laundering as a service’
The FATF warns that professional networks are combining informal value transfers with regulated financial platforms and new technologies to move illicit funds across borders.
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After FATF delisting, can South Africa catch the PAPSS wave – or miss it?
South Africa has a two-year window to leverage FATF delisting and integrate with PAPSS, unlocking faster, cheaper cross-border payments – or risk missing the opportunity.
