The ESAAMLG Council of Ministers approved and adopted the mutual evaluation
report for the Republic of Mauritius at its August 2008 meeting. The
report was prepared by International Monetary Fund as part of the Financial
Sector Assessment Programme. Before its approval by Council of Ministers the
report was discussed and adopted by the ESAAMLG Task Force of Senior Officials
at its meeting in March 2008.
The report records the significant steps taken by the Mauritian authorities in
enhancing the anti money laundering (AML) /combating the financing of terrorism
(CFT) framework. Amendments have been brought to the Financial
Intelligence and Anti Money Laundering Act 2002, to form a National Committee
for AML/CFT, the functions of the Financial Intelligence Unit were revised, and
the AML/CFT compliance monitoring function and powers of the financial sector
regulators, the Bank of Mauritius and the Financial Services Commission, have been
formalised and enhanced. Mauritius took important legislative steps to
fight terrorism and terrorist financing with the adoption of the Prevention of
Terrorism Act and the Convention for the Suppression of the Financing of
Terrorism Act.
The report also identifies some areas of deficiencies in the AML/CFT regime of Mauritius. It makes comprehensive recommendations on the actions that the authorities in Mauritius need to take in the short and medium terms to fully meet the international standards.
ESAAMLG SecretariatPosted: 09, Jan 17
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