On 7 January 2022, new EU Regulation 2021/4335 was published removing Mauritius from the EU list of high-risk third countries.
The EU list of high-risk third countries is a prevention initiative that identifies third-country jurisdictions which have strategic deficiencies in their Anti-Money Laundering/Counter-Terrorist Financing (AML/CFT) regimes.
In October 2020, Mauritius was added.
In the newly published regulation 2021/4335, the European Union Commission recognizes that Mauritius along with the Bahamas, Botswana, Ghana, Iraq no longer have strategic deficiencies in their AML/CFT regime and have strengthened the effectiveness of their AML/CFT policies.
These measures are sufficiently comprehensive and meet the necessary requirements for the removal of these countries from the EU list of high-risk third countries.
Countries Delisted in January 2022
- The Bahamas
New Countries Added to the list
- Burkina Faso
- Cayman Islands
- South Sudan
The delisting will take effect on the twentieth day following that of its publication in the Official Journal of the European Union, that is by February 2022.