Updated: Jan 20, 2020
The Second Enhanced Follow-up Report and Technical Compliance Re-rating of Mauritius was published on 21 October by the Eastern & Southern Africa Anti-Money Laundering Group (ESAAMLG) following the review by the Financial Action Task Force (FATF).
The report found that Mauritius had made considerable progress in addressing deficiencies since its mutual evaluation, and the ESAAMLG therefore upgraded it in respect of 19 of the 40 FATF Recommendations. This was in addition to the 11 upgrades previously obtained in May 2019.
Mauritius is therefore currently either ‘Largely Compliant’ or ‘Compliant’ with 35 of the 40 FATF Recommendations, including all of the six main Recommendations. The report was adopted by the ESAAMLG Task Force of senior officials and approved by the Council of Ministers at the September 2019 meeting in Eswatini, formerly Swaziland.
Minister of Financial Services Dharmendar Sesungkur said Mauritius has passed its critical re-evaluation and had been positively validated by the FATF on a series of recommendations related to money laundering and financing of terrorism-related activities. It is recognised by ESAAMLG as a safe, reliable and clean jurisdiction.