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Update: Delisting of Mauritius from EU list of high-risk third countries

Insight 28 December 2021

Update: Delisting of Mauritius from EU list of high-risk third countries

We are delighted that the European Commission (“EU Commission”) - through Paolo Gentiloni, Commissioner of Economy - has announced at a press conference on 22 December, 2021, that the AML/CFT list will be updated and Mauritius will be delisted from the list of High-Risk Third Countries.

While procedural, this decision would need to receive the approval of the European Parliament within one month, following which the delisting of Mauritius will be formalised through the updated list of High-Risk Third Countries to be issued by the EU Commission.

The announcement of the EU Commission follows the exit of Mauritius from the FATF grey list on 21 October 2021 following the significant progress made in addressing the strategic AML/CFT deficiencies identified earlier by the FATF.

This development further positions Mauritius itself as a jurisdiction of substance with a robust AML/CFT system levelled to the enhanced global requirements.

To discuss how Sanne can assist you or your business, reach out to Rubina or Varounen.

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Mauritius
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Rubina Toorawa Head of Sanne Mauritius - Mauritius
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Varounen Goinden Director, Head of Business Development, Mauritius & India - Mauritius
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