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.
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.
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.
On Thursday 15 July 2021, the FX Global Code Participating Public Register for Mauritius, which is hosted by the Mauritius Bankers Association Limited (MBA), was admitted to the Global Index of Public Registers. Established by the Global Foreign Exchange Committee (GFXC), the Global Index is the official list of banks worldwide which adhere to the FX Global Code. Mauritius is only the 17th country to be admitted to the Global Index repository so far.
The Mauritius Bankers Association (MBA) held its Annual General Meeting on Wednesday 30 June 2021. Ms. Bonnie Qiu, Chief Executive Officer (CEO) of The HongKong & Shanghai Banking Corporation Limited was elected as Chairperson of the MBA for a one-year mandate.
The Mauritius Bankers Association Limited (MBA) has taken cognizance of the decision by Moody’s Investors Service (Moody’s) to downgrade the Government of Mauritius rating from Baa1 to Baa2, on 4 March2021.The "investment grade" of Mauritius has been maintained.
The Mauritius Bankers Association Limited (MBA) has taken cognizance of the recent releasein the media.Banks cannot comment on suspicious transaction reporting, forlegal reasons.The international system to combat financial crime relies onbanks to monitor transactions and,if then required, file on a confidential basis Suspicious Transactions Reports(STRs) to the authorities.
The Mauritius Bankers Association (MBA) held its Annual General Meeting on Monday 17 August 2020. Mr. Alain Law Min, Chief Executive Officer (CEO) of The Mauritius Commercial Bank (MCB) Ltd, was reappointed as Chairman for another year mandate.
The Mauritius Bankers Association Limited (MBA) has taken cognizance of the inclusion of Mauritius on the European Commission’s list of high-risk jurisdictions today, 7 May 2020.