Major Achievement: Mauritius is removed from the FATF Grey List
Financial Action Task Force (‘FATF’) has concluded at the October 2021 plenary that Mauritius would no longer be subject to increased monitoring.
This follows an on-site visit conducted by FATF delegates in September 2021. The FATF has commended the hard work and determination of Mauritius to implement AML/CFT reforms with a view to address strategic deficiencies identified by FATF in February 2020.
Mauritius has taken a strong commitment to sustain the AML/CFT reforms and fight against money laundering and terrorism financing.
Public and private sector institutions in Mauritius have worked hand in hand to support the completion of the FATF action plan which enabled Mauritius to improve its AML/CFT regime and strengthen the effectiveness of its AML/CFT system.
The exit of Mauritius from the FATF grey list will pave the way to its removal from the European Commission’s list of high-risk countries. We now eagerly await this move that will reinforce the position of Mauritius as a trusted and compliant jurisdiction.