09 Dec 2016
To some campaigners, it is an established truth that small tropical islands without natural resources must be willing to turn a blind eye to global illicit financial flows. Though not putting out a welcome mat, the perception is that island nations with serious financial sectors achieve success through a laissez faire approach to money laundering, tax evasion and other economic crimes. Mauritius, a country of less than two million people situated off the East African coast, is often lumped with so-called tax havens in the Caribbean, as well as its neighbour the Seychelles. But its situation is more complicated than the stereotype.
In an exclusive report for KYC360, investigative journalist Lucy Wark reflects on Mauritius’ progress in establishing itself as a legitimate financial centre and considers the challenges it faces going forwards.
Advance your CPD minutes for this content, by signing up and using the CPD WalletFREE CPD Wallet