Mauritius was named among 25 countries in the high risk jurisdiction list by custodian banks, shared with SEBI following a regulation in April on 'Beneficial Owners' reported in the leading financials.
While this was aimed at curbing the use of these jurisdictions for fund round-tripping, Mauritius feared that this allegation could impact genuine investors and severely damage its reputation as an investment hub, thus impacting Mauritius' economy by $100bn-150bn.
We were entrusted with the task of correcting Mauritius' perception with the regulator and the banking ecosystem.
Combat fear mongering and erase perceptions of Mauritius being a 'high-risk jurisdiction' Secure Mauritius' credentials as a transparent and compliant jurisdiction Establish Mauritius as a tax and investment friendly jurisdiction
Insights & Creatvity
Since the news on the issue was largely reportage of the 'high-risk jurisdiction' list and lacked opinion bv the media, and key opinion leaders, we identified a the opportunity to
- Correct influence the ones writing about the issue,
- educate the ones on the periphery to correct their perceptions and
- influence the regulator by creating parallel ambassadors through their view-points