Global Finance Official Website

Risk Based Approach to AML/CFT Training

Risk Based Approach to AML/CFT Training Global Finance Mauritius in collaboration with the FSI, FSC, HRDC and FIU have designed and hosted a special training to cover the Guidelines on the Measures for the Prevention of Money Laundering and Countering the Financing of Terrorism. The courses have been a great success as they have trained […]

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BoM issues warning against fake, suspicious documents

BoM issues warning against fake, suspicious documents The Bank of Mauritius (BoM) warns on some individuals and corporates presenting fake documents such as suspicious or sovereign guarantees, letters of comfort, and standing from banks as well as payment confirmations and other financial instruments. It is done with the intent to secure credit facilities or contracts. […]

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EDB to host webinar, ‘Mauritius: The Ideal Hub for Doing Business

EDB to host webinar, ‘Mauritius: The Ideal Hub for Doing Business The Webinar, “Why is Mauritius Still A Leading Investment Destination?” hosted by the Penresa and media partner Forbes Africa discusses strategies spearheaded to make it one of the fastest growing wealth markets. Chairman and Director at SANNE Mauritius Dr. Rama Sithanen believes that there […]

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EDB to host webinar, ‘Mauritius: The Ideal Hub for Doing Business’

EDB to host webinar, ‘Mauritius: The Ideal Hub for Doing Business’ The Economic Development Board (EDB) on August 24 will host the webinar, Mauritius: The Ideal Hub for Doing Business to the intention of the South African market and targeting experts, advisors in the Financial Services, Fund, and Asset Managers, banks and lawyers, among others. […]

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Future of MIFC resides in mid-shore jurisdiction of substance: AfrAsia Bank

Future of MIFC resides in mid-shore jurisdiction of substance: AfrAsia Bank The future of the MIFC resides in moving away from a treaty-based to a mid-shore jurisdiction of substance while the need is to remain focused on value-added offerings constituting the sector’s attractiveness. This is according to Senior Executive-Head Global Business at AfrAsia Bank Mr. […]

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Banking Act, BoM Act amendments

Banking Act, BoM Act amendments The Banking Act and Bank of Mauritius Act first promulgated in 2004 stand amended in August 2020. The BoM Act carry various objectives such as ascertaining and promoting the soundness of financial institutions and compliance in adhering to governing laws, rules and regulations; ensuring the adoption by financial institutions of […]

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Payment holidays to cost R20.7 billion: South Africa

Payment holidays to cost R20.7 billion: South Africa The South African economy, according to experts is not limited to a recession but a full-blown depression with businesses closing down during the lockdown will never reopen coupled with massive unemployment, and the tax contribution made is lost forever. Payment holidays made during the period from April-to-June […]

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