Mauritius AML/CFT Guidance Notes for Virtual Asset Service Providers & Issuers of Initial Token Offerings
The Financial Services Commission, Mauritius (the "FSC") is established under the Financial Services Act 2007 (the "FSA") and is mandated to regulate the non-bank financial services and global business sectors.
The FSC is, by virtue of section 5 of the Virtual Assets and Initial Token Offering Services ("VAITOS") Act 2021, responsible for regulating and supervising Virtual Assets Service Providers ("VASPs") and Issuers of Initial Token Offerings ("IITOs").
The Guidance Notes are issued by the FSC pursuant to its powers under Section 7(1)(a) of the FSA.
The Guidance Notes set out the measures which entities regulated under the VAITOS Act 2021 should apply for the prevention of Money Laundering and Terrorism
Financing ("ML/TF") during the course of their business and operations.
The provisions of the Guidance Notes should be read in conjunction with the:
- VAITOS Act 2021,
- the Financial Intelligence and Anti-Money Laundering Act 2002 ("FIAMLA 2002"),
- the Financial Intelligence and Anti-Money Laundering Regulations 2018 ("FIAMLR 2018") and
- the FSC's Anti-Money Laundering and Combatting the Financing of Terrorism ("AML/CFT") Handbook.