Nigeria, South Africa removed from global money-laundering watchlist

Nigeria, South Africa, Mozambique, and Burkina Faso have been removed from the Financial Action Task Force’s (FATF) global “grey list.”

The FATF, a global watchdog that tracks how countries combat money laundering and terrorist financing. According to the group, the four nations have made “significant progress” in addressing weaknesses that previously rendered them high-risk destinations for illicit financial flows.

The…