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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIn an interview with the news website ''Le-Mauricien'', Samade Jhummun, CEO of Mauritius Finance, said he was satisfied with the work done by the government, the private sector and operators to bring Mauritius into compliance with the recommendations of the Financial Action Task Force (FATF), after being placed on its gray list. He admits that the classification of Mauritius on the FATF gray list was a wake-up call for everyone.
A FATF delegation is expected in Mauritius this weekend for an On-Site Visit that will start on Tuesday. The delegation's report will be submitted to a plenary meeting in October, which will then decide whether or not the country will be able to get off the grey list and subsequently the European Union's Black List. But before that, Samade Jhummun reassures that the work requested by the FATF has been put in place. "For us, this visit is a good opportunity to show the different aspects of the Mauritian financial center and the work that has been done toFor us, this visit is a good opportunity to show the different aspects of the Mauritian financial center and the work that has been done in order to obtain a high quality product in the hope of getting out of the grey list at the next FATF plenary meeting in October," he said.
According to Samade Jhummun, meetings with members of the bar, accounting firms, those involved in jewelry, among others, are on the agenda to see how the FATF recommendations have been implemented. He believes that Mauritius has shown that before the FATF deadline, it has managed to implement all the recommendations. Note that Mauritius Finance is the flagship of the Mauritian international financial center sector.
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