Money Laundering Act Mauritius

Although reasonable care is taken to ensure that these documents are up to date with relevant amendments they are only provided for ease of reference. 85 on 9 July 2020.


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On the 20th November 2000 at the Global Programme Against Money Laundering Plenary Mauritius has agreed to act in accordance with the measures of the United Nations Minimum Performance Programme and on the 04th June 2001 the Government of Mauritius ratified the UN Convention the United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic.

Money laundering act mauritius. The legislative reforms are intended to strengthen the countrys legal and regulatory framework concerning the fight against money laundering and financing of terrorism. THE FINANCIAL INTELLIGENCE AND ANTI-MONEY LAUNDERING ACT Page 6 of 28 property means property of any kind nature or description whether moveable or immoveable tangible or intangible and includes - a any currency whether or not the currency is legal tender in Mauritius and any bill security bond negotiable instrument or any instrument capable of. Notwithstanding section 37of the Bank of Mauritius Act 2004 but subject to subsection 2 any person who makes or accepts any payment in cash in excess of 500000 rupees or an equivalent amount in foreign currency or such amount as may be prescribed shall commit an offence.

The Financial Intelligence and Anti-Money Laundering Act 2002 FIAMLA The Prevention of Corruption Act 2002. Act No5 of 2020 was published in the Government Gazette on 09th July 2020. ENACTED by the Parliament of Mauritius as follows - PART I-PRELIMINARY 1.

To money launderingto providefor mutual assistancewith overseasbodies in relationto money launderingand for mattersconnectedtherewith and incidental thereto. This Act may be cited as the Anti-Money Laundering and. Short title This Act may be cited as the Financial Intelligence and Anti-Money Laundering Act 2002.

And for matters connected therewith and incidental thereto. Interpretation In this Act. This Act may be cited as the Financial Intelligence and Anti-Money Laundering Act 2002.

ENACTED by the Parliamentof Mauritiusas follows- PART I-PRELIMINARY 1. ENACTED by the Parliament of Mauritius as follows 1. Short title This Act may be cited as the Financial Intelligence and Anti-Money Laundering Act 2002.

88 of 28 September 2018 THE FINANCIAL INTELLIGENCE AND ANTI-MONEY LAUNDERING ACT Regulations made by the Minister under sections 17C 170 17E and 35 of the Financial Intelligence and Anti-Money Laundering Act. Combatting the Financing of Terrorism Miscellaneous Provisions Act 2020. The Mauritius Credit Information Bureau Unsolicited Financial Proposals on Social Media Financial frauds.

The Anti Money Laundering and Combatting the Financing of Terrorism and Proliferation Miscellaneous Provisions Act 2020 Ombudsperson for Financial Services Act 2018 Disclaimer. Inserted 919 cio 29519 annual report means the annual report under section 29C. ARID means the Asset Recovery investigative Division set up under section 5 of the Asset Recovery Act.

This Act may be cited as the Financial Intelligence and Anti-Money Laundering Act. 3 A person who is guilty of an offence of money laundering is liable on conviction to - where the person is an individual a fine of R3000000 and imprisonment for 15 years. This Act may be cited as the Anti-Money Laundering and Combatting the Financing of Terrorism Miscellaneous Provisions Act 2020.

Various legislations were enacted and include. Interpretation In this Act AMLCFT means anti-money laundering and combatting the financing of terrorism and proliferation. The Mauritius Government is continuing its efforts to further strengthen its laws on anti-money laundering and financing of terrorism laws by tabling the Anti-Money Laundering and Combatting the Financing of Terrorism Miscellaneous Provisions.

The Anti-Money Laundering and Combating the Financing of Terrorism Miscellaneous Provisions Act 2020 has been approved by the Parliament of Mauritius and gazetted GN No. Interpretation In this Act AMLCFT means anti-money laundering and combatting the financing of terrorism and proliferation. Mauritius adheres to international initiatives to combat Money Laundering and Financing of Terrorism.

Banking Act 2004 as amended. A brief on the salient provisions therein relative to the financial services industry are provided below. The Parliament of Mauritius has recently enacted the Anti-Money Laundering and Combating of the Financing of Terrorism And Proliferation Miscellaneous Provisions Act 2019 Act which came into force on 29 May 2019.

Provisions to further combat money laundering and the financing of terrorism and to provide for matters related thereto. In this document we address the main legislative amendments. Government Gazette of Mauritius No.

The Banking Act is amended a. Attempts to commit or does any act preparatory to or in furtherance of the commission of the offence of money laundering commits the offence of money laundering. For mutual assistance with overseas bodies in relation to money laundering.

ENACTED by the Parliament of Mauritius as follows 1.


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