by Temple Consulting | Dec 29, 2020 | News-fr, Newsroom
This article is a compilation of the major anti-money laundering and counter terrorist financing (CFT) trends for the year 2020. 1. Increased money laundering (ML) threats New threats and vulnerabilities arising from COVID – 19 related crimes impacted on money...
by Temple Consulting | Dec 23, 2020 | Newsroom
Financial institutions in Mauritius are under the statutory obligation to locate and report suspicious transactions (STRs) to the Financial Intelligence Unit (FIU) with the ultimate and overriding objective to counter Money Laundering (ML) and Terrorism Financing (TF)...
by Temple Consulting | Dec 9, 2020 | Newsroom
Recommendation 11 of the Financial Action Task Force (FATF) requires financial institutions to have proper and effective policies, procedures, and controls in place to ensure that record of transactions is maintained during, as well as, after the course of the...
by Temple Consulting | Dec 2, 2020 | Newsroom
Data protection has become a hot topic nowadays due to numerous high-profile security failures from established and high-profile companies. There are growing concerns about how these companies are using the personal data they collect and the extent to which they are...
by Temple Consulting | Nov 25, 2020 | News-fr, Newsroom
In 2007, the Financial Action Task Force (FATF) has introduced a guidance called “Risk-Based Approach to Combating Money Laundering and Terrorist Financing” which outlined the importance of implementing the risk-based approach in all financial institutions and...
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...
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