Mauritius – Technical Assistance for the Development of Financial Crimes Policy and Strategy (AFDB-P-MU-KF0-003)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Mauritius
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 6, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Mauritius - Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.71 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.98 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Aug 5, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the Technical Assistance for Combatting Financial Crimes (TACFiC) project in Mauritius aims to strengthen the country’s institutional, legal and policy framework for combating financial crimes and safeguarding the integrity of its financial sector. The project is financed through a Middle-Income Countries Technical Assistance Fund (MIC-TAF) grant of UA 520,000 (approximately USD 713,000) from the African Development Bank, complemented by a counterpart contribution of UA 201,000 from the Government of Mauritius, bringing the total project cost to UA 721,000. The Ministry of Finance serves as the executing agency, while key beneficiary institutions include the Financial Crimes Commission (FCC), the Ministry of Financial Services and Economic Planning (MFSEP), and the Build-Operate-Transfer (BOT) Unit. The operation supports Mauritius in consolidating recent legal reforms, including the establishment of the Financial Crimes Commission, and complements ongoing governance and financial sector reforms.

The overarching objective of the project is to strengthen capacity and improve the policy environment for combating financial crimes, including money laundering, corruption, fraud, terrorism financing and illicit financial flows. The project will support the development of a national Financial Crimes Policy and Strategy, a five-year implementation plan, and Standard Operating Procedures for the FCC to enhance operational effectiveness. It will also assist the Government in preparing for the next Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Mutual Evaluation by developing a National AML/CFT Strategy and Action Plan, updating sectoral risk assessments, strengthening legal and regulatory frameworks, and building institutional capacity. In addition, the project will finance a Public-Private Partnership (PPP) country diagnostic to identify constraints and opportunities for mobilizing private investment in infrastructure.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [3] Low Risk

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The project is financed through a Middle-Income Countries Technical Assistance Fund (MIC-TAF) grant of UA 520,000 from the African Development Bank, complemented by a counterpart contribution of UA 201,000 from the Government of Mauritius, bringing the total project cost to UA 721,000.

Financial Instrument: Technical Assistance (Middle Income Fund - MIC)
Commitments (UA): 520,000
Conversion Rate USD (2026-02-23): 1,35728
Commitments (USD): 705,785.60


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Name: Baboucarr KOMA
Email: b.koma@afdb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/

How it works

How it works