Mauritius has slipped to the 55th place in the Financial Secrecy Index (FSI) 2022 published by Tax Justice Network (TJN).
It was ranked 49th in 2018 to 51st in 2020. The FSI is an assessment of the secrecy of financial centres and the impact of that secrecy on global financial flows.
It is published every two years.
The secrecy score is measured by 20 Indicators, including rules on transparency on ownership of companies, trusts and foundations, public access to annual accounts, and compliance with anti-money laundering standards.
Mauritius’ drop in the ranking was based on a high secrecy score of 70.13.
The ranking is led by the U.S., Switzerland and Singapore.