The amendments brought to existing laws, the Financial Intelligence and AntiMoney Laundering Act (FIAMLA) amongst others, as well as the adoption of new laws and regulations have enable Mauritius to be rerated Compliant or Largely Compliant on 35 out of the 40 FATF Recommendations, including the 6 Core and Key Recommendations. 1  This is indeed a remarkable achievement for our jurisdiction.
The second direction, re-distributive considerations, investigates an aspect that was often neglected in welfare studies of inflation in the past. A positive inflation rate implies a transfer of wealth that may have important real effects, a fact that we have observed in infamous episodes of the past – the Great Inflation, for example – and which squares with our intuition.