South Africa and Nigeria were included in the list of countries with many shortcomings in the fight against illicit financial flows and a high probability of money laundering. It was reported by Bloomberg, citing a statement from the Financial Action Task Force on Money Laundering.

According to the organization, South Africa and Nigeria do not meet all 11 measures of effectiveness against money laundering and terrorist financing. These disappointing results come after a long period of bribery that flourished in South Africa under former President Jacob Zuma.

The publication noted that for South Africa, the gray list threatens to drain capital and currency, as well as increase transaction, administrative and financial costs for the country's central bank.

According to the agency, the blacklisting of AAR and Nigeria puts them on a par with Syria, the Democratic Republic of Congo and South Sudan.