The Government of the Republic of Mauritius has secured a grant from the African Development Bank under the MIC-TAF to implement the Technical Assistance for Combatting Financial Crimes (TACFiC) Project.

The initiative forms part of Mauritius’ broader strategy to reinforce financial integrity and enhance resilience against illicit financial flows and economic crime. As an established International Financial Centre, maintaining a robust and credible compliance environment remains a priority.

Importantly, the project reflects a coordinated effort to strengthen legislative, regulatory, institutional, and policy frameworks, while addressing capacity constraints and supporting sustainable financing strategies.

Key focus areas:
• Development of a National Policy and Strategy regarding the fight against financial crimes
• Development of an implementation plan for the Policy and Strategy
• Development of standard operating procedures
• Strengthening capacity to prepare for the AML/CFT Mutual Evaluation
• Strengthening capacity to combat illicit financial flows (IFFs)
• Identification of innovative financing instruments for infrastructure projects through Public-Private Partnerships (PPPs), where the government collaborates with private sector partners to finance and deliver projects
• Coordination of project activities and stakeholder alignment
• Management of procurement and financial operations in line with AfDB guidelines
• Project monitoring, audit, and reporting

The initiative introduces a structured approach to financial crime risk management – combining policy development, operational readiness, and institutional strengthening under a single framework.

This is not incremental. It signals a shift towards stronger coordination, enhanced capacity, and forward-looking policy design – reinforcing Mauritius’ position as a credible and resilient financial centre.

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📩 Contact us at info@acrioncompliance.com to understand how these developments may impact your structure, governance, and compliance framework.