“The time that noune cleared or bann issues with the Financial Action Task Force (FATF) is around six weeks after the (EU) process for that or anlev nou de zot la liste”. This was declared by the Minister of Financial Services, Mahen Seeruttun, who spoke on Radio Plus on Monday morning, July 13.

A first meeting took place between the members of the technical committee of the European Commission and that of Mauritius, on Thursday 9 July. It was chaired by Vincent Degert, EU Ambassador to Mauritius.

The European Union undertakes to remove Mauritius from its blacklist if the Mauritian authorities implement the five recommendations of the Financial Action Task Force.
Minister Seeruttun explains that once this step has been taken, it will take six weeks for the European Union to remove Mauritius from its blacklist.

In a statement issued on Monday, July 6, the government affirmed that it had started its communication campaign, surrounding the implementation of the Action Plan of the Action Group in accordance with the commitment made by Mauritius in the fight against money laundering. capital and the financing of terrorism.

Under the Action Plan established by the FATF, Mauritius aims to implement as soon as possible the five remaining actions recommended:

• First, by demonstrating that law enforcement agencies, the Law Enforcement Agencies (LEAs), for the Global Business sector and the Designated NonFinancial Businesses and Professionals (DNFBPs) have implemented evidence-based oversight. risk analysis (risk-based supervision - RBS);

• Second, by ensuring timely access to information on beneficial ownership by competent authorities;

• Third, by certifying that law enforcement agencies have adequate capacity to undertake investigations into money laundering cases, including parallel financial investigations and complex cases;

• Fourth, adopting a risk-based oversight approach for Non-Profit Organizations (NPOs) to prevent terrorist financing risks; and

• Fifth, by applying targeted financial sanctions (TPS) appropriately.