Mauritius – THE NATIONAL MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT OF MAURITIUS PUBLIC REPORT The Ministry of Financial Services and Good Governance has, on 29th August 2019, published the following documents: Report 1  The National Money Laundering and Terrorist Financing Risk Assessment of Mauritius – Public Report; To read public report click here 2. […]

From a cybersecurity risk governance perspective, the FSC will expect as a minimum from the Management Companies the following: understanding of the cyber risks, vulnerabilities and impact associated in running their businesses, with supporting documentation; putting into place appropriate policies and procedures duly approved by the board to mitigate the risks; carrying out an annual […]

Axis Fiduciary Ltd in collaboration with BLC Robert & Associates has addressed some of the critical features of the legislative amendments following the National Budget 2019/2020 delivered by the Honourable Prime Minister and Minister of Finance Pravind K. Jugnauth before the Mauritian National Assembly on 16 June 2019. The amendments have been passed in The […]

Mauritius Leaks…..July 2019 (follows Paradise, Panama, et al) Mauritius Leaks is a cross-border investigation into how one law firm on a small island off Africa’s east coast helped companies leach tax revenue from poor African, Arab and Asian nations. Led by the International Consortium of Investigative Journalists, the investigation is a collaboration by 54 journalists […]

Mauritius Leaks is a cross-border investigation into how one law firm on a small island off Africa’s east coast helped companies leach tax revenue from poor African, Arab and Asian nations. Led by the International Consortium of Investigative Journalists, the investigation is a collaboration by 54 journalists in 18 countries. More than 200,000 documents from […]

It has come to our attention that the International Consortium of Investigative Journalists (ICIJ), in partnership with l’Express, a local newspaper, has released a report on Mauritius (‘Mauritius Leaks’) on July 23, 2019. By the ICIJ’s own admission, their so-called “investigation” has been based on a USB key that was handed over to them anonymously. […]

Arvinsingh Canaye, 32, a Mauritian was In 2018 in the United States convicted by US justice for embezzlement and money laundering up to Rs 300 million. In 2019 he was expelled from the US and forced to return to Mauritian soil by US judges (read more below)In April 2019 he was arrested on his arrival […]

The story begins in October 2012. The government of Angola, home to some of the largest oil reserves in Africa, founded a sovereign wealth fund to invest oil export revenues long-term. Angola was to follow the example of Norway, which has cultivated such a fund for decades. The Scandinavian country uses this reserve to prepare […]