Mauritius Compliant With FATF Recommendations
The 2nd Enhanced Follow-up Report & Technical Compliance Re-rating of Mauritius was published on 21 October 2019 by the Eastern and Southern Africa Anti-Money Laundering Group (“ESAAMLG”) following the review by the Financial Action Task Force (“FATF”) Global Community for quality and consistency.
This report sets out Mauritius’ progress in strengthening anti-money laundering and counter terrorist financing measures since the 2018 assessment.
Mauritius has made considerable progress in addressing deficiencies and the ESAAMLG has upgraded the country on 19 of the 40 recommendations, in addition to the 11 upgrades previously obtained in May 2019.
Mauritius is currently either Largely Compliant or Compliant to 35 of the 40 FATF Recommendations, including the Big Six Recommendations.
This re-rating follows the timely adoption in May 2019 of the United Nations (Financial Prohibitions, Arms Embargo and Travel Ban) Sanctions Act 2019 and the Anti-Money Laundering and Combatting the Financing of Terrorism and Proliferation (Miscellaneous Provisions) Act 2019.
Source: Financial Services Commission