On 31 March 2021, the FSC issued a communiqué advising of the release of an updated version of the AML/CFT Handbook with main changes brought to sections on assisting Financial Institutions (FI) in conducting an effective AML/CFT Independent Audit and in implementing an adequate Business Risk Assessment.
The Financial Services Commission (FSC) in Mauritius issued an Anti-Money Laundering and Combatting the Financing of Terrorism Handbook 2020 (AML/CFT Handbook) in January 2020, which provides guidelines to assist financial institutions in applying national measures to combat money laundering and terrorist financing and to comply with the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA), and the Financial Intelligence and Anti-Money Laundering Regulations 2018 (FIAML Regulations 2018).
On 31 March 2021, the FSC issued a communiqué advising of the release of an updated version of the AML/CFT Handbook with main changes brought to sections on assisting Financial Institutions[1] (FI) in conducting an effective AML/CFT Independent Audit and in implementing an adequate Business Risk Assessment.
Following repeal of the Code on the Prevention of Money Laundering & Terrorist Financing (the ‘Code’) as per FSC Circular issued on 6 November 2020, all references to the Code have been removed from the AML/CFT Handbook.
To access the updated ML/CFT Handbook, click here.
[1] Financial Institution is an entity that is licensed under section 14 (Financial Services), 77A and 79A of the Financial Services Act; the Insurance Act ; the Securities Act; or the Captive Insurance Act
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