Regulatory Alerts2018-03-13
Guideline on Maintenance of Accounting and Other Records and Internal Control Systems
The Bank of Mauritius requires all licensed financial institutions to design and implement effective internal control systems and maintain adequate accounting records commensurate with their size, complexity, and risk profile. The guideline mandates that boards and senior management establish clear organizational structures, segregate duties, maintain risk registers, and conduct periodic reviews of control effectiveness. It further specifies detailed record-keeping standards for transactions, robust computer and physical controls, and clear communication frameworks to safeguard assets and ensure regulatory compliance.
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