October 06, 2020

Signature of Memorandum of Cooperation between the Financial Services Commission and AML/CFT Supervisors

The Financial Services Commission, Mauritius (“FSC”) has on 26th August 2020 entered into a Memorandum of Cooperation (“Memorandum”) with the local Anti-Money Laundering and Combatting the Financing of Terrorism (‘AML/CFT’) Supervisors. The aim of this Memorandum is to facilitate policy formulation, exchange of information and operational coordination to effectively combat money laundering and the financing of terrorism and proliferation.

 

The Memorandum also establishes the framework for an Interagency Coordination Committee for an

effective implementation of the AML/CFT regime.

 

The signatories to the Memorandum are the:

 

  • Financial Services Commission;
  • Attorney General’s Office;
  • Bank of Mauritius;
  • Financial Intelligence Unit;
  • Registrar of Companies;
  • Gambling Regulatory Authority;
  • Registrar of Associations; and
  • Mauritius Institute of Professional Accountants.

 

The signature of this Memorandum reinforces the Financial Action Task Force standards and is in line with the National Strategy for Combatting Money Laundering and the Financing of Terrorism and Proliferation 2019-2022.



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