Regulatory Alerts2025-09-25
Guidelines on the Responsible Use of Artificial Intelligence in Financial Services
The Financial Services Commission of Mauritius has issued guidance establishing nine non-binding principles to govern the ethical and responsible deployment of artificial intelligence across insurance, wealth management, and non-banking financial institutions. Licensees must embed fairness by design, ensure robust human oversight and continuous model monitoring, and maintain transparent data governance to mitigate bias, systemic risks, and third-party dependencies without overhauling existing regulatory frameworks. By aligning AI implementation with established risk management and internal control standards, the guidance ensures fair customer outcomes, enhances operational resilience, and supports continued innovation in Mauritius’ financial sector.