September 3 2018
The Mauritius story has taken a new turn as the government and the capital market regulator discuss fresh criteria to stop ‘dubious’ money flowing into the country — particularly, in the run up to the 2019 elections.
According to new yardstick, foreign portfolio investors (FPIs) coming from countries which are not members of the Financial Action Task Force (FATF) will have to meet stricter disclosure standards, and face greater scrutiny and regulatory hurdles.