Mauritius Back On FATF White List

Further to the 5th Plenary of the Financial Action Task Force (“FATF”) held between 19 and 21 October 2021, MATCO is delighted to inform you that Mauritius has exited the FATF List of Jurisdictions Under Increased Monitoring, also known as the ‘Grey List’, and, as such, will no longer be subject to increased monitoring by the FATF.

The FATF has commended Mauritius on its significant progress in improving its AML/CFT regime. All throughout the FATF ICRG process, Mauritius has demonstrated its persistent commitment in prioritising and fully implementing the FATF Action Plan whilst, at the same time, ensuring the sustainability and effectiveness of the measures undertaken.

As one of the leading independent management companies in the international financial services sector in Mauritius, MATCO wishes to highlight that Mauritius is well established as a domicile for structuring business into Africa and Asia. The political and social stability of the country, coupled with a strong regulatory regime, sees Mauritius consistently placed amongst the best countries in Africa with which to conduct business. It is ranked 1st amongst African countries and 13th globally in the World Bank’s Ease of Doing Business 2020 report.

We believe that this endorsement, alongside MATCO’s strong business structure, should provide a great deal of comfort for our clients.

You may view the official communique from the Financial Services Commission by clicking here.

For additional information on all services offered by MATCO, contact us at
info@matcotrust.com or on +230 403 7075