NEWSROOM
Independent Audit and The Respective Obligations of Licencees
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...
REAL ESTATE AND MONEY LAUNDERING: THE NEW PARTNERS IN CRIME?
The emerging market of high value real estate has attracted much skepticism from authorities around the world for their vulnerability of being used as a vehicle for money laundering. Money laundering through real-estate can take various forms: large cash deposits to...
The Fight Against Illegal Wildlife Trade (IWT)
In the third and last part of this series, we explore the report of the Financial Action Task Force (FATF) entitled Money Laundering and the Illegal Wildlife Trade published in June 2020. As mentioned previously, wildlife trafficking, a soaring and lucrative industry...
Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing
On the September 14th, 2020, the Financial Action Task Force published a report entitled ‘Virtual Assets - Red Flag Indicators of Money Laundering (ML) and Terrorist Financing (TF)’ to help national authorities detect whether virtual assets are being used for...
Unlocking the Lockdown Economy
On the 22nd of June Temple Group held a Webinar specifically focusing on the economy in Mauritius in light of the Covid 19 Pandemic and the implications pertaining to an island emerging from lockdown. Topics discussed covered: General Legal Overview Taxation Fiscal...
A WEBINAR HIGHLIGHTING THE CHANGES THAT CAME TO LIGHT DURING THE RECENT BUDGET SPEECH
RSVP: templesup@templegroup.mu
COVID-19: Risk and Policy Responses by the FATF
The Financial Action Task Force (FATF) has released a paper recently entitled ‘COVID-19-related Money Laundering and Terrorist Financing Risks and Policy Responses’ whereby the challenges, good practices and policy responses to new money laundering and terrorist...
Background of the Foreign Account Tax Compliance Act (FATCA)
Introduced by the United States (US) in 2010 as part of the US Hiring Incentives to Restore Employment (HIRE) Act, FATCA aims to combat tax evasion by ensuring that US taxpayers who earn an income in other parts of the world accurately report those earnings. Financial...
Short Notes on Whistleblowing
What is whistleblowing? Unlawful activities and abuse of law may occur in any organization and they can take many forms, for instance; fraud, money laundering, business malpractice or negligence. If they are not addressed, it can result in serious harm to public...