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 the commitments in their action plans regarding the strategic deficiencies that the FATF had identified. The Commission’s analysis concludes that the Bahamas, Botswana, Ghana, Iraq and Mauritius no longer have strategic deficiencies in their AML/CFT regime considering the available information. The Bahamas, Botswana, Ghana, Iraq and Mauritius have strengthened the effectiveness of their AML/CFT regime. These measures are sufficiently comprehensive and meet the necessary requirements to consider that strategic deficiencies identified under article 9 of the Directive (EU) 2015/849 have been
Please CLICK HERE to read the original communication from the Ministry of Finance, Economic Planning and Development.
Source: MINISTRY OF FINANCE, ECONOMIC PLANNING AND DEVELOPMENT