The Financial Action Task Force (FATF) has an important role to play in setting international standards and coordinating global efforts in the fight against organised crime, corruption, and terrorism amongst its membership of 39 countries and regional organisations, as well its associate members and observers.

South Africa, a member since 2003, has become an example of the extent to which a country can be susceptible to corruption, through a State Capture Inquiry. Indeed, the FATF Plenary – a specialist panel – concluded that South Africa “has a solid legal framework for combatting money laundering and terrorist financing, ...