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The National Treasury has published the latest version of the draft General Laws (Anti-Money Laundering and Combating Terrorism Financing [AML/CFT]) amendment bill 2025 and invites public comment on the bill.
The deadline for submissions is 13 February 2026.
The bill was published on 14 January in Government Gazette 53955, and is an update to the draft amendment bill that was published for public comment in December 2024.
The latest changes to the bill include amendments related to non-governmental organisations and the conducting of lifestyle audits to continue strengthening the country’s AML/CFT system, among others, said Treasury in a statement. “These additions will better prepare the country for the next FATF (Financial Action Task Force) mutual evaluation for South Africa that will commence in mid-2026 and conclude in October 2027.”
The draft Bill seeks to address the remaining deficiencies identified in the 2021 FATF mutual evaluation report for South Africa, and during the remedial process that culminated in South Africa’s exit from the FATF grey list in October 2025.
The departments of Trade, Industry and Competition and Social Development, the Financial Intelligence Centre, and financial sector regulators (Prudential Authority and Financial Sector Conduct Authority) collaborated in the development of the latest bill.
“Upon the receipt of written comments, the National Treasury, the Department of Social Development, the Department of Trade, Industry and Competition, the Financial Intelligence Centre, and the financial sector regulators will consider the written comments on the draft amendment bill and make appropriate revisions to the published bill for submission to Cabinet and for subsequent tabling in Parliament.”
Comments must be sent to the National Treasury at Commentdraftlegislation@treasury.gov.za by close of business on 13 February 2026.
