FATF's virtual-asset review adds pressure on South Africa ahead of its next evaluation
The Financial Action Task Force's October plenary kept South Africa's status unchanged but agreed to run a targeted review of countries with significant virtual-asset activity, with first findings expected in June 2027. South Africa's fifth-round mutual evaluation is already under way, and crypto-asset service providers here are already covered by anti-money-laundering rules. Local compliance specialists expect crypto supervision to feature in how the country is assessed.