Nigeria and South Africa may soon be removed from the global anti-money laundering and counter-terrorist financing watchlist. Reports suggest that both countries have made significant improvements in tightening financial regulations, strengthening monitoring systems, and working closely with international partners to meet global compliance standards.

The Financial Action Task Force (FATF), the body responsible for evaluating and monitoring countries on financial crimes, has recognized the progress made by the two African giants. Nigeria and South Africa have both been under pressure to address loopholes that allowed money laundering and illicit financial flows, but recent reforms show positive results that may lead to their removal from the list.

If removed, both nations are expected to enjoy stronger investor confidence, improved international financial relations, and reduced restrictions on foreign transactions. Analysts believe this step will boost their economies and further encourage transparency in the financial sector.