Himanshu Marchurchand

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Le monde d’après

La pandémie du Covid-19 a bouleversé le monde a bien des égards. L’aspect humain, les décès, l’impact sur la santé mentale des confinement successifs ne peuvent être sous-estimés. Cependant, ce choc aura également provoqué ou accéléré des changements qui pourraient être considérés comme étant positifs. Ci-dessous, nous passerons rapidement sur quelques un de ces phénomènes par rapport au secteur bancaire.
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MBA Port Louis

Mauritius exits EU list of High-risk third countries on 13 March 2022

The Mauritius Bankers Association (MBA) has taken cognizance of Mauritius’s forthcoming exit from the European Union’s list of High-risk third countries, as published in the Official Journal of the European Union on 21 February 2022. As per Article 4 of the Regulation, “This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union,” i.e., 13 March 2022.
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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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FATF

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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