Course background

Money Laundering (ML) and Terrorism Financing (TF) risks are global

As a member of Financial Action Task Force (FATF), Mauritius has an obligation to follow scrupulously the 40 recommendations of FATF for combating financial crime. Legal entities such as off-shore companies, trusts, charities, non-profit organizations are the preferred channels for ML and TF activities.

Management Companies, legal advisors, company secretaries, accountants and auditors are gate-keepers. The onus to exercise a high level of vigilance while dealing with such entities rests heavily on their shoulders.

It is mandatory for management companies and other financial institutions to provide regularly AML/CFT training program for their employees.

This workshop  to be  conducted  over two sessions of THREE hours  provides participants with a good   understanding of  ML and TF typologies and  the manner in which suspicious transactions can be identified  through vigilance in daily work.

The training concludes with the increasing role of technology, its advantages as well as its downside in combating financial crime.

The course is based on the guidance given by Anti-Money Laundering and Countering Financing of Terrorism Handbook, 2020 issued by Financial Services Commission, Mauritius and it is customized for Mauritian regulations and Mauritian risk scenario.

Participation Fees

Rs 9,600 per delegate.
MQA Approved.