Insights
Analysis of FSC regulation, tax reform, treaties and investment opportunities from our licensed team. Page 14 of 21.
Mauritius has been included, since Thursday, October 1, 2020, on the blacklist of countries suspected of participating, indirectly, in money laundering and terrorist financing. This sanction endangers its offshore…
On 7 May 2020, Mauritius was informed of the European Commission (EC) decision to list all the 11 third countries listed by Financial Action Task Force (FATF) including Mauritius as High Risk Third Country. The list is…
Mauritius had been taking a bit longer to greenlight India-focused funds in the recent past, with the country’s financial services regulator busy in activities aimed at exiting the grey and black lists of the Financial…
While the entry into force of Mauritius on the blacklist of the European Union is effective, the Ministry of Finance has, through a press release issued this Thursday, October 1, once again insisted on the fact that…
EU delegated act on high-risk third countries – October 1 /2 reminder – the following countries have been identified as strategic deficiencies in their AML/CFT regimes that pose significant threats to the financial…
Paris, 23 September 2020 – The FATF is aware of press reports about the disclosure of suspicious activity reports (SARs) documents filed by financial institutions with the U.S. Department of the Treasury’s Financial…
Political Exposed Persons (PEPs) are defined as high-risk customers who have greater opportunities than ordinary citizens to acquire assets through illegal means such as taking bribes and money laundering. PEPs have to…
Following its inclusion on the EU list of non-cooperative tax jurisdictions on 18 February 2020, the Government of Seychelles has issued a press release on 21 February 2020 to explain the rationale of why they have been…
In July 2020, the government of Seychelles approved its first National Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Strategy (the “Strategy”) which comprises 5 key strategic objectives which…
France has now released its new list of tax heaven jurisdictions as initially announced in December 2019 by its Minister of Public Accounts, Mr. Gérald Darmanin. Four countries, namely Anguilla, British Virgin Islands…
The Republic of Mauritius deposited its Instrument of Accession to the Lusaka Agreement of December 9, 1976 establishing the African Regional Intellectual Property Organization (ARIPO) with the Director General of ARIPO…
(Seychelles News Agency) – Seychelles will soon send to the National Assembly for approval amended laws governing the financial sector with the aim to have the island nation removed from the European Union (EU) taxation…
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