a) As the Honourable member would be aware, the Minister of Finance does not have sight of transactions that are facilitated by banks on behalf of their clients. The role of the Minister of Finance, with regard to the operation of banks, is limited to formulating financial regulatory policy.
b) Please refer to (a) above.
c) Government has provided the reasons for South Africa being greylisted through public statements by National Treasury at the time (e.g. statement issued by National Treasury dated 24 February 2023[1], and related frequently asked questions, and responses to the many parliamentary questions, for e.g., Nos PQ943, PQ3967, PQ2641, PQ2642, NW1730E, and a question for oral response for the Deputy President CO254E). The country was greylisted, due to deficiencies on the extent to which the country complied with the 40 Financial Action Task Force (FATF) recommendations and 11 effectiveness outcome measures, as assessed through a Mutual Evaluation process that was conducted by the FATF between 2019-2021.