MITCO is a Trust and Corporate Services Group duly licensed by the Mauritius Financial Services Commission since 1993.
MITCO Group is a subsidiary of CIEL Finance Limited, the finance cluster of CIEL Limited, a Mauritius-based diversified investment group listed on the Stock Exchange of Mauritius.
Me. Arun Kutowaroo is a Barrister-at-law called to the bar at the Lincolns Inn in London and he was admitted to the Mauritian Bar in January 2009. He has extensive experience in trust and estate planning and has completed the Qualified Practitioners Route. He has recently been awarded the Worldwide STEP Excellence Award 2020 which recognises the best and brightest practitioners worldwide. We invite Me. Arun to share his perspicacity and solutions on estate planning.
Section 20 of the Financial Services Act, 2007 indicates that the determination of fitness and propriety by the Commission includes an assessment of the applicant’s/licensee’s “ability to perform the relevant functions properly, efficiently, honestly and fairly.”
Due to the constant global financial threats, many regulators are implementing enforcement programmes. The Mauritius Financial Services Commission (the “FSC”) has issued, on the 12th June 2020, an Enforcement Manual (EM) which provides an overview of its approach to enforcement and the exercise of its enforcement powers conferred upon it. This initiative will promote transparency, certainty and consistency in fostering the rule-of-law principles of the FSC’s enforcement actions.
In its communiqué dated 1st July 2020, the World Bank has reported the classification of Mauritius as a high-income country for the first time. With a per capita income in 2019 of $12,740 at market exchange rates, the island has graduated from being an upper-middle income country to a high-income nation
On the 21st June 2020, Liverpool FC has announced a new global partnership with the Mauritius Tourism Promotion Authority and Economic Development Board Mauritius, as the club’s Official Tourism and Economic Development Partner.