ARTICLE · 14 NOVEMBER 2020

Circular Letter: Code On The Prevention Of Money Laundering & Terrorist Financing

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The Financial Services Commission of Mauritius ("FSC") has issued a circular letter on the 06 November 2020 on the "Code on the Prevention of Money Laundering & Terrorist Financing".

MauritiusGovernment, Public Sector

AXIS Fiduciary Ltd

The Financial Services Commission of Mauritius ("FSC") has issued a circular letter on the 06 November 2020 on the "Code on the Prevention of Money Laundering & Terrorist Financing". The circular letter makes mention that the Code on the Prevention of Money Laundering & Terrorist Financing issued by the Financial Services Commission (the 'Commission') in March 2012 ('Code 2012') is repealed until the issuance of any additional enforceable AML/CFT requirements.

The circular letter highlights that the repeal of the Code 2012 shall not:

Affect any obligations or liability incurred under the repealed Code 2012;
Affect the previous operations of the repealed Code 2012 or anything duly done or suffered under the repealed Code 2012;

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