No data available for the deliverable: Institutional framework for sanctions
No data available for the deliverable: Institutional framework for sanctions
Summary
Legislative reform enabled real-time sanctions enforcement, providing clear guidance and enhanced public/sector compliance tools.
Is it working?
Sanctions lists and procedures now meet all FATF and domestic legal requirements, with periodic audits confirming accuracy and reach.
Actions
Integration of asset-freeze mechanisms continued successfully in Q3/Q4 2025, with public guidance updated and sector training provided.
Are there plans?
Agency plans mandate quarterly review cycles, technical upgrades, and compliance audits, with barriers mapped and addressed by legal counsel.
Is it on the agenda?
Sanctions reform is a Cabinet recurring item as Treasury and SARB maintain oversight through a detailed review and feedback loop.
Goals
Leverage legal/asset freeze capabilities, improve interagency controls.
Departments / Govt Institutions
No data available for the deliverable: Institutional framework for sanctions
No data available for the deliverable: Institutional framework for sanctions
No data available for the deliverable: Institutional framework for sanctions
No data available for the deliverable: Institutional framework for sanctions
No data available for the deliverable: Legal framework for sanctions
No data available for the deliverable: Legal framework for sanctions
Summary
Consolidated guidance and updated technical procedures for financial institutions, supporting the harmonization of public and private sector compliance to FATF standards.
Is it working?
Real-time sanctions compliance is standard, all key requirements verified and field tested.
Actions
Periodic legal review and audit trail confirm functionality, bolstering regime effectiveness and public compliance.
Are there plans?
Quarterly reporting and audit cycles embedded in legal protocol, reviewed by government and external FATF technical teams.
Is it on the agenda?
Legal framework updates are prioritized in Treasury reviews and Parliamentary committee work, with explicit tracking for FATF maintenance.
Goals
The goals of South Africa's legal framework for sanctions are to ensure the effective implementation and enforcement of targeted financial sanctions, primarily in compliance with United Nations Security Council resolutions and related international obligations.
Departments / Govt Institutions
No data available for the deliverable: Legal framework for sanctions
No data available for the deliverable: Legal framework for sanctions
No data available for the deliverable: Legal framework for sanctions
No data available for the deliverable: Legal framework for sanctions