Mauritius Celebrates Milestone as EU Removes Country from Grey List Following Anti-Money Laundering and Counter-Terrorism Efforts

FATF Removes Mauritius from High-Risk Third Countries List

In a significant development, the Financial Action Task Force (FATF) has announced the removal of Mauritius from its list of high-risk third countries with regards to anti-money laundering and counter-terrorist financing (AML/CFT), also known as the “Grey List”. The country had been listed in February 2020, but following a series of efforts to address technical compliance deficiencies, it was officially removed from the list in October 2021.

Recognition of Mauritius’ Progress

The delisting is seen as recognition of Mauritius’ progress in implementing its AML/CFT effectiveness measures and addressing strategic deficiencies identified during its Mutual Evaluation. The country will now continue to be under enhanced follow-up by the FATF and regularly inform the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) on its progress.

EU Global Facility Congratulates Mauritius

The EU Global Facility on AML/CFT has warmly congratulated Mauritius for its efforts in combating money laundering and terrorist financing. Since 2019, the facility has provided technical assistance to support the country’s authorities and anti-money laundering and counter-terrorism actors in addressing strategic deficiencies in their national framework.

Technical Assistance Provided by the EU Global Facility

Through various training and activities, the EU Global Facility has helped Mauritian authorities rectify weaknesses in their AML/CFT regime, paving the way for the country’s removal from the Grey List. The facility’s unwavering support has been instrumental in Mauritius’ progress towards achieving its anti-money laundering and counter-terrorism objectives.

• Provided technical assistance to support the country’s authorities • Addressed strategic deficiencies in the national framework • Conducted training activities to strengthen AML/CFT regime • Offered unwavering support for achieving anti-money laundering and counter-terrorism objectives