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ARTICLE · 15 NOVEMBER 2021

Mauritius Exits The Financial Action Task Force (FATF) ‘Grey List'

The Sovereign Group
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FATF announced, at its Plenary meeting on 21 October, that it had removed Mauritius from its ‘grey list' of jurisdictions with strategic deficiencies in their approach to AML/CFT and therefore subject to increased monitoring.

MauritiusFinance and Banking
Ben Lowe
Ben Lowe
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The Financial Action Task Force (FATF) announced, at its Plenary meeting on 21 October, that it had removed Mauritius from its 'grey list' of jurisdictions with strategic deficiencies in their approach to anti-money laundering and combatting terrorism financing (AML/CFT) and therefore subject to increased monitoring.

The move followed an onsite assessment of Mauritius's AML-CFT Framework by the FATF's Africa/Middle East Joint Group (AME JG) from 13 to 15 September. The delegation met with the relevant ministries and authorities and visited the premises of a number of institutions.

"Mauritius has strengthened the effectiveness of its AML/CFT regime and addressed related technical deficiencies to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in February 2020. Mauritius is therefore no longer subject to the FATF's increased monitoring process," said the FATF President Dr. Marcus Pleyer.

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