The Anti-Money Laundering and Combatting the Financing of Terrorism (Miscellaneous Provisions) Act 2020 (the “Act”)

Following the decision of the Financial Action Task Force (“FATF”) at its Plenary Meeting of 19-21 February 2020 to include Mauritius on its list of jurisdictions under increased monitoring, and the listing of the country on the EU List of High Risk Third Countries issued by the European Commission on 7 May 2020, the Mauritian Parliament passed the Act to ensure “closer compliance with the recommended international best practices of the FATF”. These legislative reforms are intended to strengthen the country’s legal and regulatory framework concerning the fight against money laundering and financing of terrorism.

Click HERE to read the full publication where we address the key legislative amendments regarding the financial services sector in the Act.

By Jason Harel – BLC Robert & Associates


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