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FSC – Updates to the Anti-Money Laundering and Combatting the Financing of Terrorism Handbook 2020 (Mauritius) The Anti-Money Laundering and Combatting the Financing of Terrorism Handbook (‘AML/CFT Handbook’) was issued in 2020 by the Financial Services Commission in order to consolidate the Commission’s guidance on anti-money laundering, financing of terrorism and financing of proliferation of …

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Economic Development Board – Networking Session with Premium Visa Holders The Economic Development Board (EDB) organized a ‘Meet & Greet’ Networking Session with Premium Visa holders on Thursday 29 September 2022 in line with its objective to strengthen aftercare services and to foster dialogue with existing permit holders currently in Mauritius. About 250 Premium Visa …

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Mauritius ranked 9th globally in the Economic Freedom of the World Report 2022 Mauritius has been ranked 9th globally in the Economic Freedom of the World Report for the year 2022. Mauritius has improved its positioning from last year’s 11th position, and is now among the top 10 countries in the world with the highest level …

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Public Private joint Committee sees confidence renewed for private businesses The 1st meeting of the Public-Private Joint Committee was held on Friday 22 October 2021 at the Hennessy Park Hotel, Ebene under the Chairmanship of Dr. the Hon. Renganaden Padayachy, Minister of Finance, Economic Planning and Development. Business leaders, industry captains, representatives of industry associations, …

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Regulatory framework for Structured Investment – Linked Insurance Business The Insurance Act has been amended on the 2nd of August 2022 to introduce a new class of policy, namely Structured Investment-Linked Insurance Business (SILIB) under the long-term insurance business segment. Following consultation with the industry, the Financial Services Commission (FSC) has issued, under the Insurance …

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FSC Rules issued under The Virtual Asset and Initial Token Offerings Services Act The Financial Services Commission (“FSC”) has issued the Virtual Asset and Initial Token Offerings Services (Travel) Rules 2022 (the “rules”) in accordance with the Virtual Asset and Initial Token Offerings Services Act. The rules are deemed to have come into operation on …

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Double Taxation Avoidance Agreement between the Republic of Mauritius and the Republic of Angola A Double Taxation Avoidance Agreement (DTAA) has been signed between the Republic of Mauritius and the Republic of Angola. On 19 August 2022, the Mauritian Cabinet has taken note that the DTAA (Republic of Angola) Regulations 2022 would be promulgated. The …

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Mauritius exits the FATF grey list On 2 September 2022, the Ministry of Financial Services and Good Governance (‘MFSGG’) of Mauritius released a Press Communiqué stating that Mauritius has been removed from the Financial Action Task Force’s grey list (FATF). The island nation enunciated its intention to continue its work with the Eastern and Southern …

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