Support Centre

You have out of 5 free articles left for the month

Signup for a trial to access unlimited content.

Start Trial

Continue reading on DataGuidance with:

Free Member

Limited Articles

Create an account to continue accessing select articles, resources, and guidance notes.

Free Trial

Unlimited Access

Start your free trial to access unlimited articles, resources, guidance notes, and workspaces.

Mauritius: FSC issues Administrative Penalties Regulatory Framework

The Financial Services Commission ('FSC') issued, on 19 August 2019, its Administrative Penalties Regulatory Framework ('the Framework'). In particular, the Framework sets out the general principles and the approach adopted by the FSC regarding the imposition of administrative penalties pursuant to Section 52(3) of the Financial Services Act, Act No. 14 of 2007. Moreover, the Framework applies, among other things, to violations of the Financial Intelligence and Anti Money Laundering Act 2002.

You can read the Framework here.