67 results found

The Mauritian Financial Services Commission (FSC) has issued, on 13 January 2020, its first ‘Anti-Money Laundering and Countering the Financing of Terrorism Handbook' (AML/ CFT Handbook).

The Financial Action Task Force ("FATF") Africa/Middle East Joint Group ("AME JG") delegation is currently in Mauritius from 13 September to 15 September 2021 to conduct its on-site inspections...

Further to the AML/CFT Guidance Notes for Virtual Asset Service Providers ("VASPs") and Issuers of Initial Token Offerings ("IITOs") ("Guidance Notes") initially issued on 28 February 2022,...

Mauritius reiterates its commitment to combat cross-border financial crimes.

By a communique dated 9 June 2022, the Financial Services Commission indicated that it has amended its Competency Standards issued under Section 7(a)(a) of the Financial Services Act 2007.

The Financial Services Commission of Mauritius is currently holding a two day workshop centred around the role of Beneficial Ownership ("BO") Registers as a tool to ensure transparency of ...

The Bank of Mauritius ("BoM") has in collaboration with the Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) organised a workshop on 07 August 2020 for Money Laundering Reporting Officers ("MLROs").

Mauritius is set to be removed from the European Union List of High Risk Third countries (the "EU List") very soon. Following the meeting of the European Commission College of Commissioners...

Reporting persons are required to have an independent audit function to review and verify compliance with and effectiveness of the measures taken in accordance with the FIAMLA and regulations issued...

Following its June 2021 plenary meeting held this week, the FAFT has confirmed today, Friday 25 June 2021, that Mauritius has substantially completed its action plan at technical level and that FAFT...

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".

At its plenary meeting held on 21st of October 2021, the Financial Action Task Force (FATF) concluded that Mauritius is no longer subject to increased monitoring by the FATF. In its public statement, the FATF highlighted the following:

Following a highly successful evaluation of Mauritius' regime against Money laundering and the financing of terrorism, the Financial Action Task Force ("FATF") removed Mauritius from the list of ...

The Financial Services Commission, Mauritius (‘FSC') has issued an Anti-Money Laundering and Combatting the Financing of Terrorism Handbook 2020 (‘AML/CFT Handbook') on 13 January 2020...

It is absolutely critical for all businesses to have a robust AML-CFT infrastructure if they want to be protected against money laundering and terrorism financing risks.

On Thursday 26 January 2023 the Minister of Financial Services and Good Governance, Mr Mahen Kumar Seeruttun along with distinguished personalities were present for a workshop at the Intercontinental Hotel in Balaclava.

This adds to its improved World Bank ranking of 13th in ease-of-doing business and its confirmation of being compliant with the EU good governance principles

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...