FATF removes Mauritius from the list of jurisdictions under increased monitoring

On Thursday 21 October the Financial Action Task Force (FATF) announced that Mauritius would be removed from its grey list of countries under increased monitoring. The Mauritius Government will soon start the process of removing the jurisdiction from the European Union (EU) ‘blacklist’ of high-risk countries, which reflects FATF grey listing. We expect this process to be completed in the next 6-8 weeks.

This is an important step for the business and for Mauritius. FATF has commended Mauritius for the progress it has made in improving its AML/CFT regime and addressing its strategic deficiencies Especially under difficult circumstances caused by the COVID-19 pandemic. Mauritius was added to the grey list in February 2020. 

Mauritius is a top 20 country for ease of doing business and has over the years consolidated its leadership position in Africa. The Mauritius International Financial Centre remains a competitive and attractive jurisdiction and a domicile of choice for structuring investments in Africa and Asia.

To find out how we can support your structuring, establishment and administration needs from Mauritius, please do not hesitate to contact us.  Located in 24 jurisdictions worldwide, IQ-EQ’s team of Fund, Corporate and Private Wealth specialists would be delighted to support your specific requirements.