Bank of Mauritius
The Bank of Mauritius was established in September 1967 as the central bank of the country and is governed...
The current banking regulatory framework has many robust elements, including reliance on solvency monitoring, international accounting standards, and actuarial methods. The legal framework for banking business is embodied in the Banking Act 1988. Under the Financial Services Development Act 2001, important amendments were made to section 46 of the Banking Act 1988 whereby Domestic Banks are now defined as Category 1 Banks having a Category 1 banking licence and offshore banks are now defined as Category 2 banks with a Category 2 banking licence. The banking legislation provides for prudential regulations with respect to banks’ concentration of risk, weighted capital adequacy ratio, income recognition and clarification of loans and advances for provisioning purposes, maintenance of accounting and other records and internal control systems.
The Bank of Mauritius was established in September 1967 as the central bank of the country and is governed...
Pursuing its agenda to combat money laundering and terrorist financing and to promote a clean and reputable financial centre,...
Although the island has only had a significant financial services sector for about two decades this has, in some...
The Financial Services Development Act (FSD) Act consolidates our existing regulatory and supervision framework while simultaneously putting in place...
The Financial Intelligence Unit (FIU) was established under section 9 of the Financial Intelligence and Anti Money Laundering Act...