Regulatory Alerts2019-11-28
Added · Updated
Financial Intelligence and Anti-Money Laundering (Registration by Reporting Person) Regulations 2019
The Mauritian Minister issued regulations requiring all reporting persons to electronically register with the Financial Intelligence Unit (FIU) through a designated Money Laundering Reporting Officer. The rules mandate timely registration applications based on FIU-determined categories, require written notification of changes to particulars within thirty days, and authorize the FIU to issue implementing guidelines. Non-compliant reporting persons face criminal offences and fines up to one million rupees, with the regulations taking effect on 5 November 2019.