Regulatory Alerts2022-07-04
AML/CFT Guidance Notes for Virtual Asset Service Providers and Issuers of Initial Token Offerings
The Financial Services Commission of Mauritius has issued these guidance notes to designate Virtual Asset Service Providers and Initial Token Offering issuers as financial institutions under the FIAMLA. Regulated entities must implement a risk-based approach that incorporates robust customer due diligence, enhanced monitoring of anonymity-enhanced transactions, and targeted financial sanctions compliance. The framework mandates continuous assessment of money laundering and terrorism financing red flags, requiring licensed entities to align internal policies with the VAITOS Act and submit suspicious transaction reports.
Share