Mauritius exits UK High-Risk Third Countries list

MBA Port Louis
MBA Port Louis

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.

The MBA and its members welcome this announcement, and remain committed to continuing to uphold the highest standards of compliance to international Anti-Money Laundering (AML) legislation and best practices.