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Mauritius FIU STR AML/CFT insights October - December 2019 - Issue no. 3 / 09 March 2020

11/03/2020

During the period from 01 October 2019 to 31 December 2019, a total of 178 STRs were reported to the FIU, with banks being the leading STR provider with about 75% of STRs filed.

Comparatively, for the last period surveyed (01 July 2019 to 30 September 2019), banks had submitted about 80% of STRs.

This percentage decrease confirms the trend already observed during the last quarter surveyed, namely the emergence of a shift in the composition of STR providers, as noted for December 2019.

And although the number of STRs filed during the current quarter has experienced a decrease of about 28% compared to the last quarter, it is worthwhile to note

  • That the aggregate value of transactions reported in the current quarter account for 34 times more than the aggregate amount of the past quarter;

The above matters are covered in more details in the next section of this bulletin. See attachement