The impact from Hurricane Dorian is projected to be greater than Matthew’s. In the monetary and financial sector, setbacks include the disruption in banking and payment services; and a potential deterioration in banks’ credit quality indicators as borrowers in the impacted zones encounter a lengthy period of reduced or eliminated incomes.
I welcome you all to the Bank of Mauritius. It is my pleasure to deliver the keynote address at this seminar on Risk-Based Approach to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Supervision organised by the IMF Regional Technical Assistance Center for Southern Africa, the AFRITAC South, in collaboration with the Bank of Mauritius.