The estimated amount of money laundered globally in one year is 2 - 5% of global GDP, or $800 billion - $2 trillion in current US dollars.

Effective anti-money laundering and combating the financing of terrorism (AML/CFT) policies and measures are key to the integrity and stability of the international financial system. Money laundering (ML) and related underlying crimes (the so-called “predicate offenses” or “predicate crimes”), are crimes with economic effects—they can threaten the integrity and stability of a country’s financial sector and a country’s external stability more generally.

Mauritius has taken significant steps to ensure that it has a robust AML/CFT legal framework, which is aligned with international standards. The FIAMLA was enacted in 2002 and provided for several of the key requirements of a strong AML/CFT system. It has been amended to ensure that Mauritius meets its international obligations.”