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Fight against money laundering: India supports Mauritius to be removed from the FATF grey list

24/02/2021
Source : ORISHAS FINANCE
Categories: General Information

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The Prime Minister (PM) of Mauritius, Pravind Jugnauth has appealed to India to help the country move prematurely off the Financial Action Task Force (FATF) grey list. This was on the occasion of the signing ceremony of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between the two countries as well as a series of other agreements. India has provided Mauritius with lines of credit for development in various sectors. Among other things, the removal of the island from the FATF grey list. Thus, Mauritius is counting on India for an exit from the grey list. According to Prime Minister Pravind Jugnauth, this government initiative confirms the commitment to improve the shortcomings identified in the legal arsenal to counter cases of money laundering and terrorist financing. Prime Minister Pravind Jugnauth was launched an appeal to the head of Indian diplomacy, Subrahmaniam Jaishankar, this Tuesday, February 23, 2021. A new diplomatic offensive after the one accompanying Mauritius to complete its decolonization to eventually recover the Chagos Archipelago. "It is clear that a quick exit from the grey list will restore the image of our jurisdiction as credible and reputable," said Pravind Jugnauth. For his part, Subrahmaniam Jaishankar argued that the security of Mauritius also concerns that of India and he assured the support of his government to the Chagossian cause.
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