MAURITIUS: Deficiencies on virtual asset regulation remedied

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Mauritius has been upgraded by the Financial Action Task Force (FATF) to a 'largely compliant' status in relation to FATF Recommendation 15. In the previous year, the country was deemed 'partially compliant' with the recommendation, which primarily deals with the regulation of virtual assets. This was largely due to FATF's significant tightening of the recommendation during that year. Despite the upgrade, Mauritius will continue to undergo FATF's enhanced follow-up process.

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