News

Professional Money Laundering and Related Threats – a case study

05/01/2021

Arvinsingh Canaye, who previously worked as the general manager of Beaufort Management Services Ltd., an entity related to Beaufort Securities but located in Ebene, Mauritius, pleaded guilty (26th July 2018), to a related charge of conspiring to launder money.

https://www.comsuregroup.com/news/mauritius-money-laundering-firm-has-its-license-revoked-but-not-still-no-prosecution/

This case highlights once again the potentially pernicious role which professionals can play in facilitating criminal schemes. FATF Report: Professional Money Laundering and Related Threats

http://www.fatf-gafi.org/media/fatf/documents/Professional-Money-Laundering.pdf

MAURITIUS