Himanshu Marchurchand, Author at Mauritius Bankers Association (MBA)

22 Feb 22

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…

13 Jan 22

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…

01 Dec 21

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…

23 Nov 21

Mauritius, an emerging International Financial Centre of resilience, substance and excellence

The CEO of the MBA, Mr. Daniel Essoo, will be moderating a webinar titled “Mauritius, an emerging International Financial Centre of Resilience, substance and excellence” on Thursday 25 November 2021.

08 Nov 21

La conformité est une condition sine qua non dans l’univers financier

Après la sortie de Maurice de la liste des juridictions sous surveillance accrue du Groupe d’Action Financière, et plus récemment, de la liste des pays tiers à haut risque du Royaume-Uni, le secteur financier guette notre sortie de la liste des pays à risques élevées de la Commission Européenne.

05 Nov 21

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…

03 Nov 21

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…

22 Oct 21

Communiqué: Mauritius exits FATF list

The Financial Action Task Force (FATF) has, at its October 2021 Plenary session, approved the exit of Mauritius from the list of jurisdictions under increased monitoring. The Mauritius Bankers Association Limited (MBA) welcomes this announcement, which affirms the status of Mauritius as a compliant jurisdiction.

21 Oct 21

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…

13 Oct 21

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…

Himanshu Marchurchand