The Anti-Money Laundering, Combatting the Financing of Terrorism and Countering Proliferation Financing (Miscellaneous Provisions) Bill, presented to the National Assembly on 20 March 2026, forms part of Mauritius’ ongoing legislative cycle to reinforce its AML/CFT/CPF framework.
Importantly, as highlighted in the Explanatory Memorandum, the objective of the Bill is to enhance the country’s effectiveness in combatting financial crime – including money laundering, terrorism financing, and proliferation financing – by introducing stronger safeguards across administrative and financial systems.
It also reflects Mauritius’ continued commitment to aligning with international standards, including those of the Financial Action Task Force (FATF), and to ensuring that its framework remains robust, responsive, and internationally credible.
Key focus areas:
• Proliferation financing risk framework
• Strengthening FIU powers and operational independence
• Enhanced asset recovery mechanisms
• Beneficial ownership transparency
• Supervisory enforcement and penalties
• Information sharing and coordination across authorities
• Oversight of the NPO/NPC sector
• Judicial and prosecution effectiveness
This is not incremental. It reflects a continued shift towards stricter enforcement, higher transparency, and real-time regulatory coordination – key expectations for financial centres operating in today’s global compliance environment.
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