Regulatory Alerts2008-10-23
Bank of Mauritius (Compoundable Offences) Regulations 2008
The Minister of Mauritius, exercising powers under the Bank of Mauritius Act 2004, designates specific statutory breaches as compoundable offences. The regulations explicitly list violations under sections 50(5), 53, and 68(1) of the Act as eligible for financial settlement without full prosecution. These provisions apply retroactively to 10 November 2004, establishing a streamlined compliance framework for regulated entities.
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