ARTICLE
14 February 2023

Regulatory Change In Mauritius: Managing Risk & Compliance Challenges In 2023 And Beyond (Latest Developments In Global Sanctions)

AF
AXIS Fiduciary Ltd

Contributor

Axis Fiduciary Ltd (“Axis”) is a specialist service provider offering a full spectrum of corporate, fiduciary and fund services to a diversified client base. We set up companies, trusts, funds, foundations, partnerships and other legal entities and provide the necessary fiduciary, corporate, secretarial, administration, accounting, tax and other ancillary and support services. Axis is licensed by the Financial Services Commission of Mauritius as a Management Company. We also has a presence in Seychelles
Associate Director of Compliance and Risk at Axis, Mr. Ameer Caunhye was delighted to be part of a distinguished panel organised by Refinitiv on 6 February 2023. Mr. Caunhye was questioned...
Mauritius International Law
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Associate Director of Compliance and Risk at Axis, Mr. Ameer Caunhye was delighted to be part of a distinguished panel organised by Refinitiv on 6 February 2023. Mr. Caunhye was questioned about his thought on the Mauritius current sanctions regime and whether there are potential gaps and possibility for improvement.

With years of compliance-related experience, Mr. Caunhye gave an overview of the regulatory framework and how Mauritius had to come up with the United Nation (UN) Sanctions Act 2019 to comply with the recommendations of the Financial Action Task Force (FATF). He emphasised the risks that a financial institution may have when they only consider UN sanctions, as opposed to also being concerned with EU or US penalties.

Ameer also shed light on the importance of risk assessment, and he emphasised on how at Axis we innovate, we use technology so that we have time to focus on where the risk lies leading to a proper risk-based approach framework.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
14 February 2023

Regulatory Change In Mauritius: Managing Risk & Compliance Challenges In 2023 And Beyond (Latest Developments In Global Sanctions)

Mauritius International Law

Contributor

Axis Fiduciary Ltd (“Axis”) is a specialist service provider offering a full spectrum of corporate, fiduciary and fund services to a diversified client base. We set up companies, trusts, funds, foundations, partnerships and other legal entities and provide the necessary fiduciary, corporate, secretarial, administration, accounting, tax and other ancillary and support services. Axis is licensed by the Financial Services Commission of Mauritius as a Management Company. We also has a presence in Seychelles
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