Regulatory Alerts2026-06-05
Guidelines on Frequency of Customer Due Diligence
The Financial Services Commission of Mauritius has issued guidelines establishing the mandatory frequency for customer due diligence (CDD) reviews across licensed financial institutions. The document requires licensees to conduct periodic CDD assessments at prescribed intervals under the Financial Services Act and FIAMLA, while explicitly permitting more frequent reviews. These standards ensure consistent risk monitoring across the non-banking financial sector without restricting proactive compliance practices.
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