The Financial Services Commission (FSC) Mauritius has issued updated Notes on the Monitoring of Substance Requirements on 26 June 2026, providing further clarity on how compliance with economic substance requirements will be monitored. The Notes form part of the FSC’s ongoing monitoring framework to ensure that Mauritius continues to meet international standards on economic substance and reinforces its position as a credible and well-regulated international financial centre. The FSC has requested Global Business Licence holders to complete and submit a survey by 20 July 2026. Global Business Licence holders are therefore encouraged to carefully review the FSC Notes and ensure that the survey is completed and submitted within the required timeframe. 📄 Read the Notes here: https://www.fscmauritius.org/media/adxfk2r5/guidance-notes-substance-2025fnl-26-jun-26.pdf
An effective AML/CFT/CPF framework is more than a compliance requirement—it is the foundation of a resilient organisation.
In today’s fast-changing sanctions and regulatory environment, adverse media and sanctions screening must go beyond a simple name check.
The Financial Services Commission (FSC) Mauritius has announced that the deadline for the payment of annual licence fees for the 2026/2027 financial year has been exceptionally extended to 30 September 2026 for all Licensees, Registered, Authorised and Approved Persons required to pay annual fees from 1 July 2026.
The Financial Services Commission (FSC) Mauritius has appointed Mr Heeraman Jowaheer as Officer-in-Charge, effective 29 June 2026, as set out in the Commission’s communiqué dated 26 June 2026.
Client files are more than administrative records—they are evidence that your organisation is meeting its Customer Due Diligence (CDD), Know Your Customer (KYC), and ongoing monitoring obligations. During regulatory inspections, these files often provide the clearest indication of whether your compliance framework is operating effectively in practice.
A weak or outdated Business Risk Assessment (BRA) is a major compliance red flag.
Having strong policies and procedures is an essential part of any effective compliance framework.
The Financial Action Task Force (FATF) has published the outcomes of its June 2026 Plenary meeting, announcing updates to its list of jurisdictions under increased monitoring, as well as wider developments to strengthen the global AML/CFT/CPF framework.
A strong compliance culture begins with knowledge.
