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If you thought that 2009 was the last time Bernie Madoff made the headlines, you were wrong. The mastermind of the world’s largest Ponzi scheme reminded us of the fragility of the financial world when his death was…
The Financial Services Commission (“FSC”) has through a Communique on 11 December 2020 published its “Settlement Framework”. The Settlement Framework sets out a means through which timely and proportionate enforcement…
At its last virtual plenary meeting in October 2020, the Financial Action Task Force (FATF) adopted amendments to Recommendation 1 which now require countries and the private sector (financial institutions and DNFBPs)…
The Financial Services Commission (FSC) has issued on 2 October 2020, pursuant to its powers under Section 7(1)(a) of the Financial Services Act 2007 (FSA), its revised “Guidelines on Fitness and Propriety” (Guidelines)…
The FATF Recommendations set out a comprehensive and consistent framework of measures which countries should implement in order to combat money laundering and terrorist financing, as well as the financing of…
The Financial Intelligence Unit (“FIU”) has issued a notice on 16 October 2020 on “Registration of Reporting Persons pursuant to Section 14C of the Financial Intelligence and Anti Money Laundering Act (FIAMLA)”. The FIU…
It might surprise many that Mauritius is not just the perfect holiday destination; instead, it is very well known for being a leading international finance centre. The island is the getaway for US$600 billion of annual…
Throughout the past year, the government of Mauritius has implemented several regulations and new laws to attract investors to Mauritius. Several of them are dedicated to improving the business environment in the…
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