Tag: Mauritius
15 posts · Mauritius
Section 17F of the Financial Intelligence and Anti-Money Laundering Act (FIAMLA) sets a seven-year record-keeping rule. Chapter 10 of the Bank of Mauritius AML/CFT Guideline restates it and adds to it. The number is the same throughout. The event that starts…
Regulations 16, 17 and 20 of the Financial Intelligence and Anti-Money Laundering Regulations 2018 set the Mauritius rules on correspondent banking, shell banks and wire transfers. The Bank of Mauritius AML/CFT Guideline restates them and adds its own…
The Bank of Mauritius issued its Guideline for Virtual Asset related Activities on 13 November 2024, under reference BOM/BSD 778. Much of it is prudential: classification of virtual assets into groups, capital add-ons, liquidity treatment. But the paragraphs…
General Notice No. 358 of 2026 was published in the Government Gazette of Mauritius on 4 April 2026. It is headed "HIGH RISK COUNTRY", it comes from the Ministry of Financial Services and Economic Planning, and it names the Democratic People's Republic of…
A national strategy is not a rulebook, and this one does not pretend to be. It is still the clearest published statement of where Mauritian supervisors, the FIU and law enforcement intend to put their effort over the next few years, and several of its actions…
ESAAMLG's third-round assessments calendar lists Mauritius's last evaluation as July 2018, a possible on-site visit in January/February 2028 and a possible plenary discussion in August/September 2028. Those are scheduled windows, not events that have…
Section 19H(1)(d) of the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA) gives a regulatory body a set of administrative sanctions it can apply to a member under its purview: a private warning, a public censure, a ban of up to 5 years where…
Section 14(1) of the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA) requires every reporting person or auditor, as soon as he becomes aware of a suspicious transaction, to make a report to the FIU "promptly but not later than 5 working…
Every jurisdiction in this series requires a suspicious transaction report. Two of the six put a number on the deadline. The other four use words: promptly and directly in Saudi Arabia, without delay and directly under UAE federal law, which is what firms in…
The texts in all six jurisdictions start from a similar idea: people who hold important public functions. Each then draws the edges differently: which relatives count, whether a domestic official is treated like a foreign one, and when senior management must…
A working session with your compliance team, then a walkthrough against your own risk appetite: the lifecycle end to end, scoring weights set to your policy, and a review of the audit trail the system produces.
