1 The inverse relationship of the external finance premium and the financial condition of borrowers creates a channel through which otherwise short-lived economic shocks may have long-lasting effects.
It is inevitable therefore that we pool together to be able to meet the challenges posed by those new technological advancements. The Bank of Mauritius will continue to strengthen the AML/CFT regime to maintain relevance and effectiveness for the Banking Sector. The requirement now emphasises on measures that commensurate with risks, an effective risk based approach (RBA) to AML/CFT.