The Financial Action Task Force (FATF) announced during its latest Plenary session held from 21 to 25 June 2021 that Mauritius has substantially completed its action plan at technical level and that its delegates will be making an on-site visit to Mauritius to assess the implemented measures outlined in the progress report submitted by the country in April 2021.

The results of the visit will be reported in October 2021 when a final decision regarding the removal of Mauritius from the FATF Grey list will be taken based on the findings of the onsite inspection.

Furthermore, the European Commission had already provided confirmation that the country’s delisting from the FAFT Grey list will automatically entail its removal from the list of High Risk Third Countries (commonly referred to as the “EU Blacklist").

We will endeavor to keep our valued clients informed of the situation in due course.

Our recent newsflash release, ‘FATF Grey list/EU Blacklist: A glimmer of light on the Mauritian horizons’, provides further information on this FATF update. You can access it here