Comment by umanwizard
2 years ago
> especially if those customers/contractors are based in questionable countries.
South Africa has lots of problems, but as far as I know terrorism financing and being a hub for money laundering or tax evasion aren’t among them. I could be wrong, but I’ve never heard about South Africa in that context.
According to this [1], South Africa is on the list of FATF high-risk countries.
Surprised Wise even allowed them to make a single transaction before doing the check.
[1] https://www.fatf-gafi.org/en/publications/High-risk-and-othe...