Mauritius:
Trust And Foundation: The Mauritius Financial Sector In Wait Of A Long-term Solution
06 November 2021
AXIS Fiduciary Ltd
To print this article, all you need is to be registered or login on Mondaq.com.
Mauritius' delisting from the FATF Greylist breathed in a
new life for the Mauritius IFC. However, in the face of the new
legislative measures implemented to comply with the international
standards set by the FATF, the competitive position of Mauritius
against other jurisdictions is being put to question. Mr. Assad
Abdullatiff, Managing Director at Axis Fiduciary Ltd, shared his
insight on the situation in an interview with Le Mauricien. He
shared his concern on how these changes would have a negative
impact on the marketability of Trusts and Foundations and how it
would affect the capabilities of Mauritian Financial Services
institutions to attract potential clients.
Read more in the article published by Le Mauricien HERE.
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.
POPULAR ARTICLES ON: Finance and Banking from Mauritius
New Regulation On Instant Payments Adopted
GVZH Advocates
The Council of the European Union has, on the 26th of February of this year, adopted a regulation aimed at promoting instant payments within the European Union (EU)...
Market Abuse: Zip Your Lip!
Finance Malta
In March 2022, the European Court of Justice (ECJ) gave a preliminary ruling1 in yet another case about the unlawful disclosure of inside information...
Cayman Islands Private Funds
Conyers
The Cayman Islands is among the world's most attractive locations for the establishment of private equity funds. The Private Funds Act (2021 Revision) and associated regulations (the "Act")...