Maritius delist of high risk

On the 7th of May this year Mauritius was added to the European Commission's draft list of High-Risk Third Countries, which includes those jurisdictions deemed to have strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism regimes. While the draft list still requires European Parliament and Council approval, and is set to apply only from the 1st of October, inclusion on such a list presents Mauritius with both reputational risk and other financial implications. Soria Hay, head of Corporate Finance at the independent Southern African investment banking firm BRAVURA HOLDINGS, speaks to Samora Mangesi..