Regulatory Alerts2018-10-05
The Prevention of Terrorism (Special Measures) Regulations 2003
Issued by the Prime Minister of Mauritius under the Prevention of Terrorism Act 2002, these regulations establish a comprehensive framework to freeze and restrict the assets of listed terrorists. The Central Bank and Financial Services Commission are mandated to direct financial institutions to freeze accounts, report holdings, and refer suspicious cases to the Commissioner of Police for investigation. The rules prohibit dealing with, supplying funds or financial services to, and exporting arms to listed terrorists, while granting limited exceptions for basic expenses and imposing up to five years of penal servitude for contraventions.
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