Strongly dedicated to conforming to the FATF regulations, Mauritian authorities are faced with the challenge of developing resilient regulatory measures to address the complex nature of virtual assets.

In an interview from Business Mag (La Sentinelle), Mr. Assad Abdullatiff, Managing Director at Axis Fiduciary Ltd, shared his insights on the consolidation of the Mauritian regulations to conform to the FATF’s regulatory standards. He further commented on how being on the FATF greylist inadvertently served as a foundation upon which Mauritius was able to build a strong regulatory system to counter Money Laundering and the financing of terrorism.

“Investors would want to conduct their business activities in a well-regulated jurisdiction and the progress achieved in resolving the shortcomings identified by the FAFT, allowed Mauritius to grow into an ideal jurisdiction for conducting business globally,” stated Mr. Abdullatiff.