Mauritius exits the European Union’s list of high-risk third countries

It was foreseen for a couple of months and it is now official. Mauritius will exit the European Union’s list of high-risk countries on 13^th March 2022. This falls one day after the 54th anniversary of the independence of Mauritius.

The Official Journal of the European Union states that ‘Mauritius has established the legal and regulatory framework to meet the commitments in its action plans regarding the strategic deficiencies that the FATF had identified.’

The Mauritius Bankers Association mentions that this ‘follows from the country’s exit from the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring, and the UK’s list of High-Risk Third Countries in 2021.’

You can access the full report here.

As a fully compliant jurisdiction, this bodes well for investors who are considering Mauritius as a place to do business, and for Mauritian businesses on the world market.