These actions can best be initiated and monitored by governments and financial regulators. There will be a temptation for countries that do comply timeously with the problem to restrict trade with, and reduce investment in, countries that are not seen to be making sufficient efforts to become compliant or are unable to satisfactorily prove compliance.
In the present volatile world financial markets, the smaller economies with emerging financial markets, such as South Africa, cannot afford to add this additional burden to the perceived high risk exposures already linked to doing business with them. 3.