Regulatory Alerts2011-07-21
Added · Updated
Guidelines for Management Companies
The Financial Services Commission of Mauritius has issued these guidelines to establish a unified code of conduct for Management Companies administering Global Business Companies. The rules mandate rigorous client vetting, segregation of client funds and assets, strict conflict-of-interest management, and verified source of funds to ensure robust anti-money laundering compliance. Persistent violations may trigger a license review, while standardized procedures for director appointments, bank account control, and complaint handling ensure consistent regulatory oversight across the sector.
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