Sunibel Corporate Services

Tag: AML/CFT

FinTech: Mauritius becomes the first jurisdiction in the world to issue Custodian Services Licence for Digital Assets

In 17th September 2018, Mauritius recognised Digital Assets as an asset-class for investment by Sophisticated and Expert Investors, Expert Funds and Specialised Collective Investment Schemes – through the guidance notes of the Financial Services Commission (FSC). In March, the commission set out the regulatory framework relating to the custody of digital assets, effective as from […]

Structuring your Private Equity Fund in Mauritius: choosing the right Fund Administrator

The notion of effective fund administration over the life of a Private Equity Fund (‘PE Fund’) is critical. Over and above the role of the Fund Manager (inclusive and its relative sub-committees), the expertise and robustness of the effective Fund Administrator definitely helps in achieving value creation. By appointing a good Fund Administrator, the Fund […]

Authorised Company in Mauritius – All you need to know

The Finance (Miscellaneous Provisions) Act 2018 amended the Financial Services Act to introduce a new type of company: the “Authorised Company”. Since its introduction last year, the Financial Services Commission (FSC) has issued 859 Authorised Company Licences. During his 2018/2019 Budget Speech on 14th June 2018, Hon. Pravind Kumar Jugnauth, Prime Minister and Minister of […]

Mauritius removed from the European Commission’s high-risk third countries list

On Wednesday 13 February 2019, the European Commission reviewed its list of countries with permissive control in the fight against money laundering and terrorist financing. With necessary steps taken to ensure its financial sector meets international standards, the Commission took out Mauritius from its high-risk third countries list. Money laundering and the financing of terrorism […]

Entrepreneurs! Mauritius will charm you

In addition to being an internationally renowned tourist destination, Mauritius has built itself a solid reputation as a reliable and secure financial centre. Indeed, there are many good reasons for entrepreneurs to choose Mauritius to live and work. Mauritius is a business hub for the region and an essential platform for international trade. Many factors […]