Now, the CEO of the Mauritius Financial Services Commission (FSC) is engaged in promoting the services of the country’s International Finance Centre (IFC) and catering for a growing interest in its services from the world of non-fungible tokens (NFTs) and cryptocurrencies.
TAR: What was the FSC’s role in getting the country removed from the FATF and EU lists?
Thakoor: The FSC was among the main stakeholders directly involved in the delisting of Mauritius from the lists of jurisdictions under increased monitoring. A robust and sustained risk-based approach to supervision was adopted, and the FSC leveraged technological upgrades to address the deficiencies identified in the system. These have reaped positive results, and now that Mauritius is a clean jurisdiction we can henceforth conduct business in a much more controlled and safer environment.
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