Associate Director of Compliance and Risk at Axis, Mr. Ameer
Caunhye was delighted to be part of a distinguished panel organised
by Refinitiv on 6 February 2023. Mr. Caunhye was questioned about
his thought on the Mauritius current sanctions regime and whether
there are potential gaps and possibility for improvement.
With years of compliance-related experience, Mr. Caunhye gave an
overview of the regulatory framework and how Mauritius had to come
up with the United Nation (UN) Sanctions Act 2019 to comply with
the recommendations of the Financial Action Task Force (FATF). He
emphasised the risks that a financial institution may have when
they only consider UN sanctions, as opposed to also being concerned
with EU or US penalties.
