FSC Mauritius Reminds its Licensees of AML/CTF Obligations

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FSC Mauritius Reminds its Licensees of AML/CTF Obligations

Postby kreslik.news » Tue Jun 14, 2016 10:14 pm

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)

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