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MENAFATF Re-Rating Request for Islamic Republic of Mauritania

Background

The Middle East and North Africa Financial Action Task Force (MENAFATF) has been monitoring the progress of the Islamic Republic of Mauritania in implementing anti-money laundering (AML), predicate offenses, and terrorist financing (TF) measures.

Key Milestones

• In 2021, Mauritania submitted a preliminary request to re-rate its technical compliance with various recommendations.
• The MENAFATF has been working closely with Mauritania to ensure the country’s progress in implementing effective AML/CTF measures.

Re-Rating Request

Mauritania requested re-rating for four recommendations:

Recommendations for Upgradation

• Recommendation 2: To upgrade the rating from “Partially Compliant” (PC) to “Compliant” (C).
• Recommendation 11: To upgrade the rating from PC to C.
• Recommendation 26: To upgrade the rating from PC to C.

Recommendation for Maintenance of Status Quo

• Recommendation 15: To maintain the rating at PC.

Compliance Ratings

After re-rating, Mauritania’s compliance ratings were updated as follows:

Updated Compliance Ratings

• Compliant (C): 14 recommendations
• Largely Compliant (LC): 21 recommendations
• Partially Compliant (PC): 5 recommendations

Next Steps

Mauritania will remain in the Enhanced Follow-up process and must submit its 4th EFUR to the 35th Plenary meeting in November 2022.