2nd Follow-up Report from the ESAAMLG

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After the good reports from the EU and the OECD, the Eastern and Southern Africa Anti-Money Laundering Group (“ESAAMLG”) has now also positively re-rated Mauritius in its 2nd Enhanced Follow-up Report and Technical Compliance Re-Rating. This follow-up report assesses the progress made by Mauritius with respect to the recommendations contained in the Mutual Evaluation Report which had been issued by the ESAAMLG in 2018. The follow-up report finds that Mauritius has made significant progress, and now complies with 39 of the 40 recommendations of the Financial Action Task Force. The only exception is Recommendation 8, which relates to Non-Profit Organisations. The full report from the ESAAMLG can be viewed here.