The Mauritian offshore sector has received good marks from the IMF in a progress report on its Offshore Financial Centres Assessment Programme.
"The assessment of standards and codes found that the authorities have made substantial progress and are upgrading financial sector legislation and regulations", said the report, which adds however that further progress needs to be made, particularly in respect of co-operation between the Mauritian regulators and their foreign counterparts.
"It was recommended that the Mauritian authorities review the laws and procedure for assistance in order to ensure that there are adequate gateways for cooperation at each stage of a money laundering investigation", continued the report.
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