Press Release, Mauritius Industry News

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On 27 November 2020, Mauritius submitted to the Financial Action Task Force (FATF) its Second Progress Report, which captures the updated measures and actions taken to implement the FATF Action Plan. Following the submission of this report and subsequent exchange of information, a virtual face to face meeting was held between the Mauritian delegation, headed by the Governor of the Bank of Mauritius, and the FATF African Middle East Joint Group on Friday 22 January 2021.

We wish to highlight that since the last face to face meeting in September 2020 and the subsequent plenary meetings in October 2020, the FATF has commended the tremendous progress made by Mauritius in implementing the FATF Action, notwithstanding the restrictions brought around by the Covid-19 pandemic.

During the recent face to face meeting, the Mauritian delegation had the opportunity to provide clarifications to the FATF on queries raised by the assessors. At the meeting, the Assessors once again commended Mauritius for the sustained progress made in implementing the FATF Action Plan.

The next FATF plenary session will be held in February 2021, during which the Second progress Report will be considered, along with the report of the Assessors.

The Government of Mauritius reiterates its unflinching commitment to exit the FATF list of “Countries under increased monitoring” at the earliest.

 

Ministry of Financial Services and Good Governance 

27 January 2021