At its October 2021 Plenary, the FATF concluded that Mauritius would NO longer be subject to increased monitoring by the FATF, as Mauritius strengthened the effectiveness of its AML/CFT regime and addressed related technical deficiencies to meet the Action Plan’s commitments regarding the strategic deficiencies identified by FATF in February 2020. Mauritius will continue to work with the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) to improve further its AML/CFT system. However, the FATF Plenary Decision can be considered a global acknowledgment for the Mauritius institutions in tackling effectively money laundering and terrorism finance.
Based on the Mauritius Ministry of Financial Services and Good Governance announcement dated 21 October 2021, all throughout the FATF International Co-Operation Review Group (ICRG), Mauritius has demonstrated its commitment to prioritise and fully implement the FATF Action Plan while ensuring the sustainability and effectiveness of the measures undertaken. Very important was also the role of both the public and private sectors that cooperated very effectively to ensure the Action Plan is finalised with success.
In addition, Mauritius has been cooperating closely with other international Groups that enhanced its technical knowledge such as, the ESAAMLG, the European Union through the EU AML/CFT Global Facility, the German Agency for International Cooperation, etc.
AML/CFT will remain one of the Mauritius Government’s top priorities and will continue its constant efforts to sustain the AML/CFT reforms and protect the integrity of its financial system.