South Africa’s hard-won progress in financial governance has just earned a major international nod: the European Union has removed the country from its list of “High-Risk Third Country Jurisdictions,” a designation that had long complicated trade and financial flows with Europe.

This development follows Pretoria’s successful exit last October from the Financial Action Task Force (FATF) greylist, an equally watched blacklist that flags weaknesses in a country’s anti-money-laundering and terror financing systems. Click here to read the full text article