Mauritius Exits EU List Of High-Risk Third Countries

Mauritius exits EU List of High-Risk Third Countries with Deficiencies in AML/CFT Regime. The EU Commission Delegated Regulation of 7th January 2022 stated: “The FATF welcomed significant progress made by Botswana, Ghana and Mauritius in improving its AML/CFT regime and noted that Botswana, Ghana and Mauritius have established the legal and regulatory framework to meet […]

Mauritius Lifts Travel Ban on South Africa

Good news for the tourism, financial services and real estate sectors in Mauritius, as of this Friday, 7 January, the Covid-19 travel ban imposed by Mauritius on South Africa, Botswana, Namibia, Zimbabwe, Mozambique, and Zambia amongst others, is officially lifted. As commercial flights are resuming their connections, travelers can start planning their stay in Mauritius, the perfect place […]

Mauritius is now off the UK’s List of High-Risk Third Countries

Mauritius is now off the United Kingdom’s list of High-Risk Third Countries as communicated by the Financial Services Commission (FSC) on 5 November 2021. This announcement follows the delisting of Mauritius by the FATF. The amendments made by the United Kingdom (UK) to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the […]

Mauritius Exit FATF List Of Jurisdictions Under Increased Monitoring

Mauritius exits the FATF list of jurisdictions under increased monitoring as per communication by the Ministry of Financial Services and Good Governance on 21 October 2021. The released notice of the FATF states that the FATF concluded at its October 2021 Plenary that Mauritius would no longer be subject to increased monitoring by the FATF. […]

Premium Investor Certificate

The Premium Investor Certificate, issued by the Economic Development Board (EDB) allows companies investing at least Rs 500 million, and companies involved in the manufacture of pharmaceuticals and medical devices, to benefit from bespoke incentives, upon recommendation of a Technical Committee and approval by the Minister. The objectives of the scheme are to promote the […]