Insights
Analysis of FSC regulation, tax reform, treaties and investment opportunities from our licensed team. Page 11 of 21.
Money laundering is a serious issue in several countries across the globe. Whether it is big companies or SMEs, none are safe from this problem. In fact, the problem is not just at company-level, even if this plays a…
Briefing note on the Finance (Miscellaneous Provisions) Act 2021 – Mauritius The Finance (Miscellaneous Provisions) Act (the “Finance Act”) was gazetted on 05 August 2021 and the provisions are expected to come into…
It seems that HSBC’s story with money laundering is one that will never end. Nonetheless, its episodes do not have a happy ever after for the bank. Like any story, the villain, in this case the bank, is finally…
While every time we are surprised by the severity of a money laundering case, another one, with greater magnitude, crops up. However, the Danske Bank scandal might be the biggest case till date. The amount of money…
Financial scandals… It seems that we have had our fair share of these in 2020. Even well-established firms saw themselves in the limelight because of controversies within their companies. In fact, regulators had to hand…
A story no less than a Hollywood movie… That is how we can describe the life of Carlos Ghosn. In fact, he is no less than our fallen hero. He reached the peak, brought his firm to the top, to then fall down, be charged…
An Occupation Permit in Mauritius is a combination of a work and residence permit. It is essential if you are a foreign national wishing to invest or work in the country. There are 3 categories under which the…
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…
This scandal is not something recent. However, the lessons it involves is something useful and relevant even in today’s time. The firm peaked in the industry and fell down and crashed! The crash was even bigger than its…
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…
Tax fraudsters use increasingly complex, transnational schemes that enable them to launder their crimes’ substantial illicit proceeds. Serious tax crimes have significant negative effects on governments’ abilities to…
The Code on the Prevention of Money Laundering & Terrorist Financing issued by the Financial Services Commission (the Commission) in March 2012 (‘Code 2012’) is hereby repealed as of 6 Nov 2020. Further to legislative…
Book a free, no-obligation consultation with our licensed team. We will map out the right structure, licence and timeline for your goals.
