Nayagarh,(Baghuabarta): The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has removed Mauritius from its ‘grey list’ of countries which may indirectly lead to higher investment to India from the Island nation. The FATF in its recent report has said that Mauritius has strengthened the effectiveness of its anti-money laundering and terror financing process, and has addressed related technical deficiencies to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in February 2020. It, therefore, informed that Mauritius is no longer subject to the FATF’s increased monitoring process.
Mauritius’ Exit From FATF Grey List May Boost India’s FDI Inflow
