The COVID-19 pandemic may have given certain flexibility in paying bills or rent but certainly not in terms of complying with laws and regulations in relation to the prevention of money laundering and terrorist financing. The pandemic coincided with the listing of Mauritius on the FATF’s grey list and the EU’s blacklist and since then there is a high level of political commitment to get Mauritius out of the lists. This inevitably caused a drastic change in the regulatory landscape. Risk and compliance have taken new dynamics and scaled into higher proportions of relevance and importance.

Find out more about the necessity of complying with regulatory requirements and how Axis can assist you with the compliance aspect of your firm in our latest Axis Insight HERE.