South Africa's ITAC has banned cash payments for scrap steel trades to bolster anti-money-laundering efforts after exiting the FATF greylist in 2024, mandating bank channels for all transactions to improve traceability and curb illegal exports. - The policy also trims local buyer rebates from 30% to 25% to match international norms and stabilize the steel sector, but recycling associations contend it will squeeze small operators and disrupt supply chains. | Psaflive News

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