by Temple Consulting | Nov 18, 2020 | Newsroom
The United Nations (Financial Prohibitions, Arms Embargo and Travel Ban) Sanctions Act 2019 (the Sanctions Act) was enacted on 29 May 2019 to enable the Government of Mauritius to implement targeted sanctions and other measures imposed by the United Nations Security...
by Temple Consulting | Nov 11, 2020 | Newsroom
The Financial Intelligence Anti-Money Laundering Regulations 2018 (FIAML Regulations 2018) spells out that a reporting person, that is a bank, financial institution, cash dealer or member of a relevant profession or occupation, is required to identify the beneficial...
by Temple Consulting | Nov 4, 2020 | Newsroom
As part of their duties to combat money laundering and terrorism financing, financial institutions have the duty to conduct Customer Due Diligence (CDD) by proceeding with the identification and verification of a customer’s identity. The inadequacy or absence of...
by Temple Consulting | Oct 28, 2020 | Newsroom
Identifying and assessing the level of money laundering and terrorism financing (ML/TF) risk to your business or organisation is an essential part of your Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) program. According to section 17 of Financial...
by Temple Consulting | Oct 21, 2020 | Newsroom
As per the recommendation of the Financial Action Task Force (‘FAFT’) on the establishment of an independent compliance audit, section 22(1)(d) of the Financial Intelligence and Anti-Money Laundering Regulations 2018 (‘FIAML 2018’) provides that licensees are required...
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