It is my hope that today’s engagement will cement more progress in this area. One of the key takeaways for respondent banks should be the specific measures they can implement to reduce both their perceived and actual risk profiles to the satisfaction of correspondent banks.
At the level of the Bank of Mauritius, our approach has been characterized by an open door and open dialogue policy. We are ever ready to have an open dialogue with correspondent banks to explain the supervisory framework in Mauritius and give reassurance on its robustness. AML/CFT is one of the key priorities for Mauritius and the Bank of Mauritius.