Regulatory Alerts2026-06-04
Added · Updated
Guidelines on Frequency of Customer Due Diligence
The Financial Services Commission of Mauritius issued these guidelines to mandate periodic Customer Due Diligence reviews for existing clients based on a risk-based approach. Licensees must conduct reviews at least annually for high-risk customers, every three years for medium-risk customers, and every four years for low-risk customers, in addition to triggering events. Non-compliance with these requirements or FSC directions may result in criminal sanctions, including fines and imprisonment, or regulatory disciplinary actions.
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