News

24/05/2019

The 2019 Eastern and Southern Africa Anti-Money Laundering Group, (“ESAAMLG”) report was published recently and according to the report, Mauritius continues to be a compliant, secure and safe business and investment destination. The report further indicates that Mauritius is largely compliant with respect to all the 40 recommendations of the Financial Action Task Force, (“FATF”) which are summarized as follows:

In the last evaluation report on Mauritius, ESAAMLG highlighted that the country was mostly compliant with the 40 recommendations of the FATF but requested some improvement is 12 specific areas defined by the international authority.  The Mauritian Government took into consideration their comments and brought some amendments to the Anti Money Laundering/Combatting the Financing of Terrorism (AML/CFT), the Framework in the Finance (Miscellaneous Provisions) Act 2018.

This improvement in the evaluation of Mauritius in the ESSAAML report reinforce the Financial Centre of Mauritius for being of good international repute and a Financial Centre with substance requirements.

About ESSAAMLG

The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) launched in 1999 in Tanzania regroups all the following nations including Mauritius with the objective to combat money laundering by implementing the Financial Action Task Force recommendations including the countering of terrorist financing:

Angola

Comoros

Kenya

Malawi

Namibia

South Africa

Tanzania

Zambia

Botswana

Ethiopia

Lesotho

Mozambique

Seychelles

Swaziland

Uganda

Zimbabwe