Nigeria and South Africa are off the FATF grey list, and remittance fintechs just got a confidence boost
- Nigeria and South Africa have exited the FATF grey list, potentially unlocking new remittance flows and foreign investment.
- The FATF's decision follows improvements in anti-money-laundering measures by both countries.
- Finance Minister Wale Edun emphasized that this move signals Nigeria's institutional strength and transparency.
Bendada.com - Oct 25, 2025
Nigeria no longer on the FATF list. Will the second time be the final time?
Nigeria has been removed from the Financial Action Task Force (FATF) grey list after meeting the nec
The removal of Nigeria and South Africa from the FATF grey list is a pivotal moment for both countries, indicating significant progress in their financial systems. This development not only enhances investor confidence but also sets a precedent for other African nations to strengthen their compliance frameworks. However, the challenge remains to maintain these standards to ensure continued trust and investment.
