The decision came as the National Treasury and the Financial Intelligence Centre (FIC) — again — raised the big stick of global anti-money laundering entity the Financial Action Task Force (FATF) deadlines that, if missed, would lead to South Africa’s greylisting, and increase the costs of financial transactions and doing business.
But committee chairperson Joe Maswanganyi would have none of that. “Don’t bring bills to Parliament that you want processed in one month. Parliament is a legislative body, not a department.
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