Mauritius exits the FATF list of Jurisdictions Under Increased Monitoring
Standard Bank Mauritius welcomes the announcement made by the Financial Action Task Force (FATF), on Thursday 21 October 2021, to remove Mauritius from its list of Jurisdictions Under Increased Monitoring (also known as the FATF Grey List).
The significant progress made by the Government of Mauritius in improving its AML/CFT measures constitutes a major commitment for the country in its fight against money laundering and terrorist financing. This further affirms Mauritius as a compliant and trusted International Financial Centre.
Standard Bank Group’s standards ensure that the Group remains fully compliant with the FATF recommendations. Standard Bank Mauritius has always been in compliance with these Group standards to protect Mauritius and the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks.
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