Mauritius war on money laundering gets it closer to exiting FATF grey list

Grey list may have created negative perception among pension, endowment and SWFs. RBI too rejected applications for NBFC licences recently, as investment was routed via Mauritius

Topics
Mauritius | FATF

Ashley Coutinho  |  Mumbai 

Mauritius may have got a step closer to exiting the grey list, with the Financial Action Task Force (FATF), an inter-governmental body which sets anti-money laundering standards, acknowledging the progress the island nation had made in its fight against money laundering and terrorist financing. "Mauritius has taken steps towards improving its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regime, including by developing a risk-based supervision plan for the global business and management companies," FATF said in a note.

The body has asked Mauritius ...

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First Published: Tue, October 27 2020. 17:07 IST
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