Mauritius removed from the EU Blacklist
In an official publication released on 7 January 2022, the European Commission communicates that it is satisfied with the legal and regulatory framework that Mauritius has established to meet the commitments in its action plan regarding the strategic deficiencies identified by the Financial Action Task Force (FATF). The Commission has thus approved the country’s removal from its List of High Risk Third Countries (commonly referred to as the EU Blacklist).
As such, the Delegated Regulation (EU) 2016/1675 will be amended to delist Mauritius from the EU Blacklist. The Regulation will enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
The delisting further reinforces Mauritius’ already solid reputation as a jurisdiction of substance and undoubtedly attests of the immeasurable effort put in by public and private institutions alike to align our local AML/CFT framework to the highest standards.
Access the full documentation from the European Commission here.
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Established in 1999, Intercontinental Trust Limited (ITL) provides a plethora of financial and fiduciary services to a diversified client base including private equity firms, real estate multinationals, financial institutions, investment managers and high-net-worth individuals among others.
ITL is located in Ebene, the financial centre of Mauritius and has offices in Singapore, Seychelles and representative offices in South Africa and Kenya.