Financial Action Task Force delegation meets Prime Minister Jugnauth

A Financial Action Task Force (FATF) Africa/Middle East Joint Group (AME JG) delegation, led by Ms Fikile Zitha, Co-chair of the AME JG, met the Prime Minister, Mr Pravind Kumar Jugnauth, today, at the New Treasury Building, in Port-Louis. The FATF AME JG delegation is in Mauritius from 13 to 15 September 2021 to conduct an on-site visit in the context of the delisting process of Mauritius from the FATF grey list.

meeting with the FATF delegation

The Deputy Prime Minister, Minister of Housing and Land Use Planning, Minister of Tourism, Mr Louis Steven Obeegadoo; the Minister of Finance, Economic Planning and Development, Dr Renganaden Padayachy; the Minister of Financial Services and Good Governance, Mr Mahen Kumar Seeruttun; the Attorney General, Minister of Agro-Industry and Food Security, Mr Maneesh Gobin; the Secretary to Cabinet and Head of the Civil Service, Mr Nayen Koomar Ballah; the Financial Secretary, Mr Dharam Dev Manraj; the Governor of the Bank of Mauritius, Mr Harvesh Kumar Seegolam; the Director General of the Independent Commission Against Corruption, Dr Navin Beekarry; and the Permanent Secretary of the Ministry of Financial Services and Good Governance, Mr Sarwansingh Purmessur, were also present during the meeting.

The objective of the on-site visit is to confirm that the technical aspects of the FATF Action Plan have been completed by Mauritius and that there is the institutional capacity and high-level political commitment to implement the reforms over the medium to long terms. It also aims at verifying the implementation of Mauritius’s Anti-Money Laundering and Combating the Financing of Terrorism reforms.

During its on-site visit, the FATF AME JG delegation will meet the relevant representatives of Ministries and authorities concerned, and will visit the premises of a number of institutions. The decision on the delisting of Mauritius from the grey list will be taken by the FATF at its Plenary scheduled for October 2021.

It is recalled that the 42nd Eastern and Southern Africa Anti-Money Laundering Group Task Force of Senior Officials and 21st Council of Ministers Virtual Meetings were held recently. As such, the applications made by Mauritius for the upgrading of Recommendations 8, 24 and 33 were considered and had been rated as follows: Recommendation 8 (Non-Profit Organisations) from Non-Compliant to Largely Compliant; Recommendation 24 (Transparency and Beneficial Ownership of Legal Persons) from Partially Compliant to Largely Compliant; and Recommendation 33 (Statistics) from Partially Compliant to Compliant.

Following the upgrading of these three Recommendations, Mauritius is now Compliant or Largely Compliant in 39 out of the 40 FATF Recommendations on Technical Compliance, with only Recommendation 15 (New Technologies) rated as Partially Compliant.

Posted by on Sep 14 2021. Filed under Actualités, Economie, En Direct, Featured. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Search Archive

Search by Date
Search by Category
Search with Google

Photo Gallery

Copyright © 2011-2016 Minority Voice. All rights reserved.