On the regulatory front, I can assure you, Ladies and Gentlemen, that the Bank of Mauritius has been and is continuously striving very hard to render the Mauritian Jurisdiction as credible and transparent as possible. Some ten years back, the financial world was lobbying for the relaxation of regulation or the implementation of “light touch regulation”.
In the United Kingdom, where even simple anomalies must be reported, more than 200,000 transaction reports were made in 2006, aggravating the task of the UK’s Financial Intelligence Unit in sifting the transactions for further investigation. France and the Netherlands use more composite methods.