The members of the Groupe des Superviseurs Bancaires Francophones (GSBF) unanimously approved the election of the Bank of Mauritius (BoM) as president of this supervisory body for a two-year mandate. The BoM, having joined the GSBF in September 2020, was voted to spearhead efforts around the adoption of highest standards of anti-money laundering and combating the financing of terrorism (AML/CFT) by banking supervisors during this term.

The GSBF regroups banking supervisors both from Basel Committee member and non-member jurisdictions with the prime objective of encouraging interaction between the Basel Committee and non-member francophone supervisors.

The unprecedented decision of all 28 country members to nominate the BoM for the next presidency is testament to the institution’s commitment to strengthen collaboration among these banking supervisors on key global issues.

Check out the communique here for more information.