As part of the ongoing strategy to strengthen the AML/CFT regulatory framework of Mauritius, the Financial Services Commission (“FSC”) updated the Competency Standards in June 2022. The Competency Standards set out the minimum technical competencies in terms of knowledge and skills of individuals holding specific positions within financial institutions and have been updated to adhere to international standards of compliance set by international regulatory bodies.

Click HERE to access our latest Axis Newsbite, written by Zahra Allam – Team Leader in the Axis Compliance Team, and learn more about the amendments.