Mauritius Takes Stronger Stand Against Money Laundering and Terrorism Financing with Implementation of AML Guidelines

Mauritius has strengthened its anti-money laundering (AML) and combatting the financing of terrorism (CFT) measures to safeguard its reputation as a leading International Financial Centre.

Identifying Risks

In accordance with Recommendation 1 of the Financial Action Task Force (FATF), Mauritius has identified, assessed, and understood its money laundering and terrorist financing risks. This was achieved through the National Money Laundering and Counter Terrorism Financing Risk Assessment (NRA) conducted using the World Bank’s National Money Laundering and Terrorism Financing Risk Assessment Tool.

Objectives of the NRA

The main objective of the NRA exercise was to provide Mauritius with a risk-based AML/CFT regime. The report also drew on findings from the Mutual Evaluation Report of Mauritius, published in July 2018.

Benefits of the NRA Report

• Provides an opportunity for relevant authorities and government agencies to coordinate their efforts
• Allows for effective allocation of resources in combating money laundering and terrorism financing
• Strengthens institutions and ensures a safer financial environment for all stakeholders

Availability of the NRA Report

The NRA Report of Mauritius is now available for download, providing a comprehensive overview of the country’s AML/CFT regime.