Himanshu Marchurchand

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La sortie définitive de la liste de l’UE viendra simplifier les transactions bancaires

La sortie de Maurice a déjà été annoncée par des officiels de l’Union européenne. Nous comprenons que les procédures sont déjà en cours pour officialiser ce retrait, qui devrait être conclu et prendre effet dans quelques semaines, selon les mécanismes assez complexes de l’Union européenne. Nous attendons la conclusion de ces procédures avec enthousiasme – nous y sommes presque ! Déjà, nous constatons un regain d’intérêt pour le centre financier mauricien, et nous pensons que la sortie définitive viendra simplifier les transactions bancaires et augmenter les nouveaux projets.
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MBA November Newsletter

During the Covid pandemic, one of the key areas of the MBA’s work has been to ensure the orderly access to vaccination for bank employees. Through our membership of Business Mauritius, the MBA was instrumental in obtaining the reinstatement of the EDB’s booking facility. As of 24 November 2021, bank employees can book their vaccination slot via the Economic Development Board. This new mechanism will allow banks, and all private sector operators, to plan for an orderly 3rd dose vaccination. The MBA supports the national vaccination programme, and encourages employees across the banking sector to get vaccinated.
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MBA Port Louis

Mauritius exits UK High-Risk Third Countries list

The Mauritius Bankers Association (MBA) has taken cognizance of the United Kingdom (UK) Parliament approval on 1 November 2021, of Mauritius’s exit from the UK’s list of High-Risk Third Countries, effective 2 November 2021. This follows from the country’s exit from the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring earlier in October this year.
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MBA October Newsletter

Mauritius was taken off the Financial Action Task Force’s (FATF) list of jurisdictions under increased monitoring, at its latest Plenary meeting held from 19 to 21 October 2021 in Paris, along with Botswana. In the course of this meeting, the list of jurisdictions under increased monitoring was revised, and progress made by various jurisdictions was reviewed. The FATF had recognised the significant progress made by Mauritius in addressing the strategic AML/CFT deficiencies identified earlier and included in its action plan. Mauritius will no longer be subject to the FATF’s increased monitoring process. Since the inclusion of Mauritius on the FATF’s list, the MBA has been active on many fronts, for the speedy completion of the national plan of action. Namely, on the national Anti-Money Laundering (AML) Committee, on Working Groups on Immediate Outcomes 3 & 4 (Supervision & Preventive Measures), with the implementation of Risk-Based Supervision by banks, as well as private sector interviews during the FATF onsite-visit on 13 to 15 September 2021. Mauritius will keep working with the FATF and ESAAMLG, to continue to strengthen its AML/CFT regime.
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Sortie de Maurice de la liste grise du GAFI

Bonne nouvelle pour le secteur financier: Maurice est désormais hors de la liste grise du Groupe d’Action Financière (GAFI)/Financial Action Task Force (FATF). L’annonce a été faite ce jeudi 21 octobre 2021, lors d’une conférence de presse animée par le Dr. Marcus Pleyer, Président du GAFI, qui a fait état de la détermination et du travail acharné abattu par la partie Mauricienne pour cela.
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Mauritius 4th Enhanced Follow-up Report & Technical Compliance Re-Rating – September 2021

On 7 October 2021, the FATF-Style Regional Body for the Eastern and Southern Africa (ESAAMLG), has posted the 4th Follow-Up Report (FUR) for Mauritius on its website. Overall, Mauritius has made sufficient progress and its technical compliance with the FATF Recommendations has been revised. Mauritius is now Compliant on 26 of the 40 Recommendations, Largely Compliant on 13 and remains Partially Compliant on 1 Recommendation.
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MBA September Newsletter

Mauritius fully opened its borders to vaccinated international travellers on 1 October 2021, after a two-phased partial reopening strategy. Further relaxation of COVID-19 measures around the island also came into effect on the same date. The MBA recommends the continued use of digital channels for safety, and convenience.
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