From September 13 to 15, several on-site inspections were held in Mauritius on its financial sector. At the plenary meeting scheduled to take place in October 2021, the FATF will decide on the progress made by the country.

The Mauritian authorities have one last card to play to hope to get out of the gray list of the Financial Action Task Force (FATF). Thus, the hopes of the financial sector rest on the plenary meeting which will be held from 17 to 22 October next. A meeting whose format has not yet been determined, according to the Minister of Financial Services, Mahen Seeruttun. “During this plenary session, the FATF will take note of the recommendations of the International Co-operation Review Group (ICRG) and endorse the conclusion. The latter had a 'closing meeting' with the eight FATF members who were traveling to Mauritius for the 'on-site inspections'. They got the answers to their questions and the clarifications requested,” he explains. The on-site inspections that took place earlier in September are a necessary part of the Financial Action Task Force's inspection cycle. All signs seem to indicate that Mauritius has made real progress in terms of efficiency.