As part of the process for Mauritius' exit from the FATF grey list, the Mauritian jurisdiction has submitted Friday's date to FATF officials.

The purpose of this report is to report to FATF officials on the progress made by the court in eliminating deficiencies in its financial system, which have so far failed to keep pace with the standards put in place by the FATF to ensure compliance with the of the international financial system. "This is a progress report," said Financial Services and Good Governance Minister Mahen Seeruttun. The submission of this report on Friday is one of many steps taken by the government to get off the FATF grey list and the European Union's blacklist. The Mauritian jurisdiction is accused of shortcomings in relation to the means at its disposal to effectively combat money laundering and the financing of terrorism. These are two crimes considered to have the potential to undermine the integrity of the international financial system.

Registered submission of progress reports is only one aspect of the obligations that Mauritius must fulfill to get off the FATF and European Union grey and black lists respectively. In exactly one month and 19 days, from 27 July, during this three-day inspection visit scheduled between 13 and 15 September, the mission of the FATF experts will be to verify on the spot whether the measures officially announced by the court in relation to what it has undertaken to correct the deficiencies noted in terms of the means put in place. in place to combat the two above-mentioned scourges are being implemented in practice. The Mauritian jurisdiction will begin a decisive step in the future of its financial services sector. If the experts say they are satisfied, Mauritius will be able to breathe a sigh of relief because it will mean that during the work of the next edition of the FATF plenary session, the experts will recommend that the name of the Mauritian jurisdiction be removed from the FATF grey list, list of jurisdictions that the European Union should not trust.