A proper screening mechanism is an essential component of an efficient Anti-Money Laundering and Combating Financing of Terrorism and Proliferation Financing (“AML/CFT”) framework. Put it simple – if you miss a crucial information when conducting screening on a customer/prospective customer/business partner, it may lead you to breaching Sanctions, not identify a Politically Exposed Persons (“PEPs”) …
More than the event that recently happened in the Academy Awards, the word on the street has been about “cryptocurrency” or “the blockchain.” Key phrases like; “How to get started with cryptocurrency?” “What Is cryptocurrency?” “Is cryptocurrency a risky investment?” “What is NFT?” and others have been part of the most searched questions online. If …
The nitty-gritty of cryptocurrency |
What is cryptocurrency all about? Read More »
The Data Protection Act 2017 (“the DPA”) is the main legislation in force in Mauritius governing the protection of the privacy rights of individuals pertaining to the processing of their personal data. Section 22 of the DPA provides that ‘every controller shall adopt policies and implement appropriate technical and organisational measures so as to ensure …
Common Reporting Standard The Common Reporting Standard (“CRS”) is an international standard for the Automatic Exchange of Information (AEOI) regarding financial accounts by tax authorities in participating jurisdictions. The CRS was developed by the Organisation for Economic Co-operation and Development (“OECD”) in 2014 with the main objective to fight tax evasion. Under the CRS, financial …
Crypto-Asset and the Common Reporting Standard (CRS) Read More »
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