EU's revised list includes Mauritius among high risk jurisdictions

Impact on India investments via Mauritius likely to be minimal

The European Commission, the executive branch of the European Union, has included Mauritius in its revised list of high-risk countries with strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks.

The new methodology takes into account the interaction between the EU and the Financial Action Task Force (FATF) listing process, an enhanced engagement with third countries and consultation with member states. The FATF is an inter-governmental body that sets anti-money laundering standards. 

Earlier this year, Mauritius was put on the FATF’s “grey list", which led to concerns that trades and fresh FPI registrations from the country could be halted in India.