Mauritius is continuing to make improvements to its legal, regulatory, and operational measures for preventing and combating terrorist financing and money laundering after it has been removed from the EU blacklist, the Financial Action Task Force’s (“FATF)” grey list, as well as the UK list of high-risk jurisdictions since 2020. Further to the delisting, Mauritius continued strengthening its regulatory regime and is now rated as “compliant” or “largely compliant” with 40 out of 40 FATF recommendations. The compliance of Mauritius with the FATF recommendations shows the dedication of Mauritius to combat money laundering and terrorist financing.

Click on the video to view the latest Axis Talks by Ameer Caunhye, Associate Director – Compliance and Risk at Axis, which provides a breakdown of Mauritius’ journey towards strengthening its regulatory regime.