"South Africa getting greylisted because of its relationship with Russia is the West's usual way to put a begging continent on its knees even when the economy of one may seem strong," the expert said, noting that the decision "is a demonstration of the use of soft power to attain national interests."
"Getting greylisted doesn't just hurt South Africa, but Africa as a whole, and Southern Africa in particular. The inclusion affects its economy by causing investor flight, affecting stock market performance and giving the impression that the country is being built on illicit funds," she underlined.
"South Africa is not new to the ironic comedy of the West... its support for apartheid, a government that was anti-people, probably is still fresh in their memories and so is baptizing Mandela, a freedom fighter, as a terrorist," Dr. Abaho told Sputnik.
When the FATF places a country in a "jurisdiction under increased monitoring" list, it means that - according to the international body - the country has committed itself to promptly addressing identified strategic financial crime combating gaps within the agreed time frame and is subject to enhanced monitoring.