We at FCRMC wish all our friends and business partners the very best as we navigate the new year together. 2023 promises to be an eventful year for both South Africa and those beyond our borders, through the rest of the continent. At the top of mind (amongst the electricity, water, and other infrastructure problems South Africans endure daily) comes the very real possibility of our country being included on the grey list of the Financial Action Task Force. This would come with several implications for government, businesses, regulated institutions, and the economy. It will require a careful analysis of the State Capture Commission reports to allow a suitable and sustainable response to be planned. Regulators and regulated institutions will surely be scrambling to get a better understanding of the impact of South Africa's grey-listing on our economy and business operations. Regulators will focus on finding ideal responses or solutions to whatever FATF observes. They must ensure accountable institutions are doing their part to help address the challenges presented by financial crime within the country. Our role as service providers requires that we fully comprehend the impact that the FATF and State Capture Commission reports could potentially have on you. The Government's response will no doubt impact both public and private sectors. We continue to focus our efforts on bringing innovative financial crime risk and compliance solutions to align to the ever-changing operating environment, developing relevant products in discussion with our consulting, technology, and training partners. We're cautiously optimistic that you'll be interested in seeing - and hopefully experiencing - our new service offerings as we release them throughout the year, and are excited to engage with you on developments in the operating environment. Happy 2023! The FCRMC team