ARTICLE · 29 JUNE 2023

Navigating The ‘Grey' Area

Jersey Finance Limited

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The recent greylisting of South Africa by the Financial Action Task Force (FATF) underscores the need for diversification and the exploration of offshore jurisdictions for investments.

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The recent greylisting of South Africa by the Financial Action Task Force (FATF) underscores the need for diversification and the exploration of offshore jurisdictions for investments.

South Africa's recent greylisting by the Financial Action Task Force (FATF) came as a harsh blow to the country's reputation in an ever-changing global financial landscape. This development, combined with ongoing economic struggles and a complex regulatory environment, has cast a long shadow over the local financial services sector.

However, in the face of adversity, astute fund managers are considering offshore jurisdictions to assuage investor fears and leverage the synergies offered by robust and adaptable regulatory frameworks. Among these offshore jurisdictions, the international finance centre (IFC) on the Island of Jersey stands out as a beacon of stability and promise.

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