FATF places Mauritius in the grey list, Investors in India asks SEBI what it means
Image Credit: Tehran Times
Financial Action Task Force has placed Mauritius under its grey list. And the same has created tension among the managers of foreign portfolio investors in India, who want to understand from SEBI what it means for Indian investments. Mauritius has been placed in the list of jurisdictions by the FATF that require increased monitoring from authorities due to suspected money laundering.