FSC Mauritius Reminds its Licensees of AML/CTF Obligations

[kreslik.news]

On Wednesday the Financial Services Commission (FSC) in Mauritius issued a ‎notice to remind its regulated entities that they are required to report suspicious or potentially ‎suspicious activity of the individuals or entities named in the Sanctions List set up by UNSC. ‎

The FSC announcement is a fairly routine occurrence among financial regulators ‎worldwide to adhere to international initiatives to combat money laundering and ‎financing of terrorism. And it often demands that the licensees regularly verify whether they ‎maintain any account or otherwise hold any fund, other financial assets, economic ‎benefits and economic resources for the named individuals, entities ... (read more)