Mauritius closer to exiting grey list as FATF sees progress on action plan

Inter-governmental body has now authorised its delegates to visit the island nation for an on-site inspection of the progress made

Mauritius has moved a step closer towards exiting the Financial Action Task Force’s (FATF’s) grey list, with the inter-governmental body — which sets anti-money laundering standards — acknowledging the progress the island nation has made in its fight against money laundering and terrorist financing.

At its plenary this month, the FATF observed that Mauritius had substantially completed its action plan.

It has now authorised its delegates to visit the island nation for an on-site inspection of the progress made, with the objective of assessing the effectiveness and sustainability of the reforms implemented in light of the FATF recommendations.

"The FATF