The Companies Act
The main changes bought in the Companies Act are:
Company Service Provider
A new subsection has been added to the Companies Act, mentioning that every company service provider shall:
- Comply with such directions as the Registrar may give to him.
- as soon as practicable, but not later than 5 working days from the date on which he becomes aware of a transaction which he has reason to believe may be a suspicious transaction:
- make a suspicions transaction to the Financial Intelligence Unit (FIU); and
- comply with such guidelines as FIU may issue.
Educational programmes organise by the Registrar of Companies (ROC)
It is stated that ROC may organise educational programmes to raise and deepen awareness among companies limited by guarantee and the donor community on the potential vulnerabilities of the sector to terrorism financing abuse and terrorism financing risks and the measures that they can take to protect themselves against such abuse.
Sharing of information to the Mauritian and foreign law enforcement agencies and institutions
The Registrar may share, with Mauritian and foreign law enforcement agencies and institutions involved in the prevention of money laundering and combating of terrorism financing and proliferation financing, information which he obtains on companies limited by guarantee pursuant to this Act.