1.0 INTRODUCTION
1.1 The Financial Services Commission, Mauritius (the
"FSC") is established under the Financial Services Act
2007 (the "FSA") and is mandated to regulate the non-bank
financial services and global business sectors. The FSC is, by
virtue of section 5 of the Virtual Assets and Initial Token
Offering Services ("VAITOS") Act 2021, responsible for
regulating and supervising Virtual Assets Service Providers
("VASPs") and Issuers of Initial Token Offerings
("IITOs").
1.2 The Guidance Notes are issued by the FSC pursuant to its
powers under Section 7(1)(a) of the FSA.
1.3 The Guidance Notes set out the measures which entities
regulated under the VAITOS Act 2021 should apply for the prevention
of Money Laundering and Terrorism Financing ("ML/TF")
during the course of their business and operations.
