Registration link: https://forms.gle/tjuJEWJsTiG995ps8
Link to register: https://forms.gle/1Kyke7UBhULj86Vr9
https://forms.gle/jxRxAW5Wi2UZxiS97AMLCFT INTERNATIONAL BEST PRACTICE AT PASSING THE RISK BASED SUPERVISION TEST
Join us for an educational and business-oriented event where topics on best practices for practitioners, changes in international and local regulatory/ tax landscape and new offering/ products will be discussed.
Date: 17 November 2022
Time: 8AM – 6PM
Venue: The Ravenala Attitude Resort, Balaclava, Mauritius
- STEP Members & Mauritius Finance Members: US$ 200
- Non-Members: US$ 250
- MQA approval in process
To register, kindly contact us on [email protected]
The Robotic and Artificial Intelligence Enabled Advisory Services Rules 2021 was issued by the Financial Services Commission (FSC) on June 12, 2021, to regulate the conduct of activities and in this context, a set of FAQs was issued pertaining to the same. The freshly issued FAQs mention that any company incorporated under the Companies Act 2001, including a GBL holder is eligible to apply for a Robotic and Artificial Intelligence Enabled Advisory Services licence in line with Part IV of the Financial Services Act 2007.
Please click here to read more.
In an interview, the FATF President Mr. Marcus Pleyer terms the removal from the grey list as a major milestone achieved by Mauritius and largely facilitated by implementing a reform programme designed to crack down on illicit finance. He told that since being listed on the FATF increased monitoring list, ‘Grey List’, the jurisdiction has been successful in improving the implementation of anti-money laundering and counter-terrorist financing controls where it has not only been able to make legal and regulatory changes but also conduct reforms significantly in the way its anti-money laundering and counter-terrorist financing system works in practice. Mr. Pleyer affirms that the reforms constitute a real increase in the jurisdiction’s effectiveness in detecting and probing such crimes together with preventing them to take place.
The Ministry of Financial Services and Good Governance of Mauritius released a communiqué highlighting that the FATF Plenary decision is a global acknowledgment of the effectiveness of the Mauritius public and private sector institutions and their cooperation in combating money laundering and terrorism finance. Moreover, it underscores that AML and CFT remain a high priority on the Government’s agenda and that Mauritius is committed and shall take the necessary bold measures required to protect the integrity of its financial system including the global business sector.
The CEO of Mauritius Finance, Samade Jhummun also expressed the confidence that Mauritius Finance had in the Government, regulators, and players of the financial sector whom he praised as having worked collectively and in an exemplary fashion to ensure that Mauritius exits the FATF grey list.