ARTICLE · 17 OCTOBER 2022

Updates To The AML/CFT Handbook - September 2022

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In view of aligning with the Financial Intelligence and Anti-Money Laundering Act 2002 and the Financial Intelligence and Anti-Money Laundering Regulations 2018 and in providing further guidance...

MauritiusGovernment, Public Sector

AXIS Fiduciary Ltd

In view of aligning with the Financial Intelligence and Anti-Money Laundering Act 2002 and the Financial Intelligence and Anti-Money Laundering Regulations 2018 and in providing further guidance to reporting persons, the Anti Money Laundering and Combatting the Financing of Terrorism Handbook 2020 ("AML/CFT Handbook") has been updated on the 21st of September 2022 to include the following provisions:

A new provision on Certification – "Sub-Chapter 5.10" has been added with the main objective to provide financial institutions guidance on how to certify documents; and
The wordings on Independent Audit under section 13.3.1 (Assessing the "independence" of the audit professional) have been changed from "accountants or independent consultants duly regulated or registered by relevant competent authorities" to "independent service providers/consultants". Hence, this amendment has removed the requirement to be an accountant or independent consultant duly regulated or

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