Advocacy efforts

Vaccination campaign

As an essential service, bank employees have been requested to work in the frontline during confinement, and Banks have participated in the National Vaccination campaign. The MBA worked through the public holiday week-end to coordinate the vaccination programme for banks with Business Mauritius, the Ministry of Health and the Economic Development Board. Approximately 1,900 frontliners […]
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Banks operating in Red Zone

Further to the designation of specific regions as ‘Red Zones’ with access restrictions during the lockdown on 10 March 2021, banks organised themselves within a few days to maintain the provision of ATM services, and open a small number of branches in that area, staffed by employees residing in the Red Zone. Exceptionally, two banks […]
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New lockdown: Continuity of service

After 9 months, Mauritius went back into lockdown on 10 March 2021. Banks, as an essential service, remained open (as per MBA Protocol for banks), and ensured continuity of service to the public and corporates. Some of the measures implemented by banks during the confinement include the suspension of ATM fees for the duration of […]
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International collaboration

Collaboration with international partners is an essential part of the MBA’s mission to nurture an innovative banking sector. This month, the CEO of the MBA held meetings with the British High Commissioner to Mauritius, and the Ambassador of the European Union in Mauritius, to discuss issues relating to the fight against Money Laundering, and explore […]
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Outcomes of Virtual FATF Plenary

A Financial Action Task Force (FATF) Plenary meeting was held from 22 to 25 February in Paris. In the course of this meeting, the list of jurisdictions under increased monitoring was revised, and the progress made by various jurisdictions was reviewed. While Mauritius has been maintained on the list, the FATF noted a number of […]
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Inclusion of Mauritius on the FATF list of jurisdictions under increased monitoring

Further to the inclusion of Mauritius on the FATF list of jurisdictions under increased monitoring, the Government of Mauritius is maintaining its plan to fully implement all remedial actions well ahead of the FATF’s proposed schedule. The progress made by the authorities as at end 2020 was reviewed during a ‘face-to-face’ follow-up evaluation exercise with […]
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Covid-19

The MBA is actively working with the Bank of Mauritius and other stakeholders to ensure that banks are able to support economic operators through the Covid-19 crisis. We welcome the Bank of Mauritius decision, on 5 January, to extend the BOM Support Programme until June 2021, and to re-issue the BOM Support Scheme for Households. […]
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