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Mauritius progress to exit FATF list


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At its June 2021 Plenary, the FATF has made “the initial determination that Mauritius has substantially completed its Action Plan and warrants an on-site assessment to verify that the implementation of Mauritius’s AML/CFT reforms has begun and is being sustained, and that the necessary political commitment remains in place to sustain implementation in the future.” This is a determining step towards exiting the FATF List of “Jurisdictions Under Increased Monitoring”. Mauritius has been commended by the FATF for the progress achieved in addressing the strategic deficiencies especially under difficult circumstances caused by the COVID-19 pandemic.
The FATF will now conduct an onsite visit at the earliest possible date following which a decision will be taken by the FATF, at its Plenary scheduled for October 2021, on the delisting of Mauritius from the grey list. ....

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Legacy automakers push EV investments to regain leadership from Tesla


Legacy automakers push EV investments to regain leadership from Tesla
“We’re all in. The only question is, will the customer be there with us?” asks Ford Motor Executive Chairman Bill Ford Jr.
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Electric vehicle makers, as a whole, are worth more than traditional automakers – by about $100 billion. It’s a remarkable achievement for an industry that, measured by auto sales, is considerably small. The year-end EV stocks rally is a testament to the ineptitude of rivals to catch up in the expanding electric-vehicles market. According to
Morgan Stanley, Tesla stocks will rally through 2021 boosted by forecasts of 5.2 million vehicle deliveries by 2030 from 3.8 million. Traditional auto industry leaders are now moving further away from gasoline-chugging vehicles in a bid to tap on the positive electric vehicle market outlook with EV investments in billions. ....

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