and co - chaired by myself and the director - general of the independent commission against corruption to develop and coordinate the strategies, policies and actions to ensure the implementation of the recommended actions in the 2018 mutual evaluation report. the core group now has the mandate to ensure the sustainability and continuity of the aml / cft reforms and to take appropriate actions for any emerging aml / cft risks. i must here express my deep - felt gratitude to the eu global facility which has been instrumental in the process for mauritius to exit the fatf list. continuous support and assistance have been provided by the eu global facility since september 2019 when they came to mauritius to carry out a scoping mission for delivery of technical assistance, the objective of which was to help mauritius implement relevant actions with respect to aml / cft. in this respect, i would like to enumerate some of the specific fields where support was provided to mauritius : i. technical assistance to the gambling regulatory authority to implement the risk - based supervision framework, capacity building for staff and provision of outreach to the gambling sector ; ii. assisting mauritius in conducting the npo terrorist financing risk assessment, training of the npo regulators, the law enforcement agents, including the mauritius revenue authority ; iii. training on the requirements of beneficial ownership for the financial sector and banking sector and dnfbp supervisors. this includes the formulation of a specific guidance and supervisory manual on beneficial ownership for bank of mauritius ’ licensees and staff. these two documents provide more granular guidance for alignment with international standards on bo information ; and iv. coaching the mauritian authorities for reporting to fatf on the icrg action plan. this is indeed to mention just a few of the projects where we have collaborated. many others are in the pipeline also. ladies and gentlemen, given the exit of mauritius from the fatf list of countries under increased monitoring ahead of its timeline, the country is now being looked upon to provide assistance and sharing experience with other countries in the icrg process. in this regard, jordan and panama are among the first countries to have benefited from the experience of mauritius. this will not have been possible without the support of the eu global facility team. i am equally pleased to share that at the level of the bank of mauritius, we are in discussion with a number of other central banks across the african continent on the topic of aml / cft and will soon be starting sharing expertise and experience in this field. ladies and gentlemen, the exit from the

backing it. backed private token money would reduce the need for synchronisation, since assets and money would be available on the same platform. depending on the design, it could entail fewer governance challenges than with wholesale cbdc in helvetia iii, but fragmentation challenges would be the same. compared to wholesale cbdc and sight deposits, however, backed private token money is not a direct claim on the central bank, and thus requires a thorough analysis with regard to its regulatory treatment. our work so far on the three settlement approaches suggests that they are all technically and legally feasible. they do, however, have different operational, governance and risk implications and they might differ in their ability to deliver efficiency gains. it will therefore be important to carefully assess the respective benefits and risks of the approaches in order to decide on the best way forward. conclusion ladies and gentlemen, let me conclude. technological innovations such as tokenisation may help to make today's financial system more efficient. this raises the general question of how central banks should respond to tokenisation. as with any technological innovation, a central bank's actions must reflect its mandate. and these actions may depend on the relevance of tokenisation for its domestic financial market. if the tokenisation of assets becomes mainstream, settlement in central bank money will be crucial. this will allow central bank money to maintain its essential role as the anchor of the monetary system and to continue to serve as a safe means of payment. the snb is currently investigating three approaches to settling transactions with tokenised assets in order to understand and compare their respective risks and benefits. this will then put us in a position – should the need arise – to take an informed decision on the choice of one or perhaps multiple settlement approaches. 3 / 4 bis - central bankers'speeches given that the tokenisation of assets is still a niche phenomenon, central banks must address the question of whether and how they should engage at this stage. they can take a wait - andsee stance and only act if tokenisation is adopted at scale. alternatively, they can push ahead independently of market adoption and offer new approaches for the settlement of tokenised asset transactions at an early stage. or they can proceed stepwise to identify the optimal solutions for settling tokenised asset transactions together with market participants through experiments or pilots. the snb is pursuing the third option. through our helvetia iii pilot, we are contributing to the private sector's exploration of how tokenisation can improve the current financial system