Gold and Money Laundering

Gold and Money Laundering

by | Feb 10, 2021 | Newsroom

When Gold Makes You See Red Gold, one of the oldest and most sought after physical asset, gold did not leave criminals indifferent to its use. Since antiquity, gold has been used as a medium for exchange and payment. Till date, gold remains extremely valuable and is...
AML-CFT & BOARD RESPONSIBILITIES

AML-CFT & BOARD RESPONSIBILITIES

by | Feb 3, 2021 | Newsroom

AML-CFT compliance has become the main focus of regulators in recent years.  This is evidenced by the increase in regulatory penalties imposed against financial institutions for failure to implement adequate controls to combat ML-TF risks.  In light of this scrutiny,...
Enforcement Committee – Is it the end?

Enforcement Committee – Is it the end?

by | Jan 29, 2021 | Newsroom

Since the blacklisting of Mauritius by the European Union, the FSC has strengthened its regulatory and enforcement powers, and in so doing, many revocations, disqualifications and administrative penalties have been imposed on several licensees during the year 2020....
FSC Inspection – What Does it Entail?

FSC Inspection – What Does it Entail?

by | Jan 20, 2021 | Newsroom

In the wake of constant threats of imminent financial scams and scandals, the FSC reinforces its supervisory framework to promote strong regulation of its licensees in the interest of the public and to foster investors’ confidence by ensuring more effective...
Creating a Culture of Compliance

Creating a Culture of Compliance

by | Jan 6, 2021 | Newsroom

A culture of compliance is usually referred to as an environment that enables and encourages compliant behavior.  More than just a buzzword, “compliance culture” represents the future of corporate compliance and ethics programs.  Regulators, legal...