South Africa and Nigeria, two countries newly added to the grey list of the Financial Action Task Force (FATF), the organization that fights money laundering and capital financing.

The two new countries, South Africa and Nigeria join twenty other countries such as Syria, the DRC and Mozambique, which are also on the FATF's grey list. Indeed, these countries are subject to increased surveillance by the intergovernmental organization. However, they are not yet considered to be high-risk and to be blacklisted. According to the sources, South Africa expected this decision even though reforms have not been sufficiently timely in recent months to put things right.

The weaknesses of the South African system in combating dirty money were highlighted in a report last October with twenty of the organization's forty criteria meeting little or no compliance. According to this document, while the country does have a solid legal framework, the problem lies in law enforcement, including failures to prosecute important cases.