(Published in Le Mauricien on 09 Mar 2020)
FATF or the Financial Action Task Force, the global body responsible for setting anti money laundering standards, has included Mauritius on a list of countries under increased monitoring, commonly known as the grey list. Grey listed countries are assessed to have deficiencies in their anti-money laundering regimes with regard to compliance with FATF standards, but are cooperating with FATF to address these deficiencies. Another FATF list - a black list, comprises countries that are not committing to address their deficiencies.