Intellidex chairman Dr Stuart Theobald joined Newzroom Afrika to weigh in on South Africa’s greylist status.

“FATF points out that South Africa is way below than it should be in terms of requests for foreign agencies. So, it suggests that at the investigation level as well as the prosecution level we aren’t doing enough to engage with the rest of the world to deal with international crime. These are quite technical deficiencies where we really need to improve institutional capacity. The numbers of people, investigators, working in these departments that supervise the processes that apply to everybody from second-hand car dealers through to attorney firms in ensuring their compliance with reportable transactions and supervision and so on.

Watch the full discussion below.