EU Blacklist Update: FATF commends the tremendous progress made by Mauritius
Article Published on December 22, 2020
As previously communicated in past editions1 of our newsletters, the inclusion of Mauritius on the EU list - on account of its addition to FATF’s ‘Jurisdiction under increased monitoring’ list -has taken effect since 1 October 2020.
Concerned authorities have been propelled to come forward with new and improved strategies to address the deficiencies identified by the Financial Action task Force (FATF) as well as to implement the proposed Action Plan forthwith. At the FATF’s virtual plenary session held from 21 to 23 October 2020 Mauritius was commended for the progress made well ahead of the agreed timeline, in view of strengthening the Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) regime currently in place. The FATF encourages Mauritian Authorities to work together with the organization to facilitate further the implementation of the actions proposed.
1 Our past publications on the EU Blacklist can be accessed on the links below:
