Head of capital markets Peter Attard Montalto joins CNBC Africa to discuss the Financial Actions Task Force’s decision to grey list South Africa and why focus should now be on getting off the grey list as quickly as possible.

“I think a lot of people have missed this around the FATF issue: to stay off the list to start with you don’t have to have full compliance with all 40 areas of FATF’s code, but once you are on the list to get back off again you need full compliance with all the areas. Now that’s really a big big challenge and that’s why getting off within a year is possible, but it is going to be a massive massive challenge” says Attard Montalto.

Watch the full discussion below.