Enforcement Actions
Enforcement Actions
- 25 Apr 2023 FSC Mauritius issues Notice - Revocation of the Category 1 Global Business Licence and Investment Adviser (Unrestricted) Licence of DCIC Advisors Limited
- 25 Apr 2023 FSC Mauritius issues Notice - Revocation of the Category 1 Global Business Licence and Investment Adviser (Unrestricted) Licence of DCWA Advisors
- 21 Nov 2022 FSC Mauritius issues Notice - Revocation of the Category 1 Global Business Licence of Duet Consumer West Africa Partners Limited
- 18 Nov 2022 FSC Mauritius issues Notice - Suspension – Hub Investments Ltd
- 20 Sep 2022 FSC Mauritius issues Notice – Suspension of Asset Capital Growth Fund Ltd
- 20 Sep 2022 FSC Mauritius issues Notice – Suspension of SB Global Ltd
- 13 May 2022 FSC Mauritius issues Notice - Suspension of Mind Africa Broker & Consultancy Ltd
- 12 May 2022 FSC Mauritius issues Notice - Revocation of the Category 1 Global Business Licence and Collective Investment Scheme Manager Licence of Emerging India Fund Management Ltd
- 12 May 2022 FSC Mauritius issues Notice - Revocation of the Authorisation of AIP Global Ltd
- 22 Mar 2022 FSC Mauritius issues Notice - Suspension of the Management Licence of Fiduciam Corporate Ltd
- 29 Nov 2021 NOTICE -Revocation of the Global Business Licence of Rosebery Management LLP
- 29 Sep 2021 FSC Mauritius issues Notice - Revocation of the Category 1 Global Business Licence and withdrawal of Authorisation to act as Collective Investment Scheme and Expert Fund of Emerging Markets Investment Fund 1A
- 24 Sep 2021 PUBLIC NOTICE - Surrender of the Global Business and Investment Adviser (Unrestricted) Licences of WAGRAM CAPITAL LTD
- 21 Sep 2021 FSC Mauritius issues Public Notice - Revocation of the Global Business Licence of JP Markets (Mauritius) Ltd
- 06 Aug 2021 PUBLIC NOTICE - Surrender of the Representative of Investment Adviser (Unrestricted) Licence of Mr. Shreekantsingh Bissessur
- 06 Aug 2021 PUBLIC NOTICE- Surrender of the Representative of Investment Dealer (Full Service Dealer) Type 1 Licence of Mr. Gilbert Dominique Poisson
- 06 Aug 2021 PUBLIC NOTICE- Surrender of the Representative of Investment Dealer (Full Service Dealer) Type 3 Licence of Mr. Sebastien Ludovic Lam Loong In
- 04 Aug 2021 FSC Mauritius Issues Notice: Revocation of the Payment Intermediary Services Licence - CYBERservices ASIA
- 29 Jul 2021 Revocation of the Management Licence and the Approval to act as Captive Insurance Agent - Taysun Corporate Services Ltd
- 05 Jul 2021 FSC Mauritius Issues Notice: Suspension – Rosebery Management LLP
- 05 Jul 2021 Imposition of Administrative Penalty - BAO Asset Managers Ltd
- 22 Apr 2021 FSC Mauritius issues INVESTOR ALERT: Invest Inter Africa Ltd
- 04 Mar 2021 FSC Mauritius issues Notice – Appointment of the Official Receiver as liquidator of Black River Trust Company Ltd (In liquidation)
- 26 Feb 2021 PUBLIC NOTICE - Suspension of Global Business Licence – Worldwide Wealth Management PCC
- 11 Feb 2021 PUBLIC NOTICE - Surrender of the Distribution of Financial Products Licence for Standard Bank (Mauritius) Limited
- 11 Feb 2021 PUBLIC NOTICE - Surrender of the Investment Adviser (Restricted) Licence of Standard Bank (Mauritius) Limited
- 11 Feb 2021 PUBLIC NOTICE- Surrender of Representative of Investment Adviser (Restricted) Licence of Mr. Philippe Daniel Ng Tseung
- 18 Jan 2021 Public Notice -Revocation of Investment Adviser (Restricted) Licence - Capricorn Finance
- 18 Jan 2021 Public Notice Disqualification -Mrs Delphine Evelyne Marcelle Brouard Rault
- 18 Jan 2021 Public Notice - Disqualification - Mr Xavier Rault
- 30 Dec 2020 Revocation of Management Licence- Beaufort Management Services Ltd
- 30 Dec 2020 Disqualification–Mrs Hemavadi Poolay Soondram
- 30 Dec 2020 Disqualification- Mr Sanjay Kumar Mehta
- 30 Dec 2020 Disqualification- Mr Yat Kwong Chan Yew Poa
- 30 Dec 2020 Disqualification and imposition of Administrative Penalty –Mr Arvinsingh Canaye
- 30 Dec 2020 Revocation of licences – Private Kapital Partners Asset Management (Mauritius) Limited
- 30 Dec 2020 Disqualification of officer – Mr. Aleksei Korotaev
- 23 Dec 2020 FSC Mauritius issues PUBLIC NOTICE - Surrender of Category 1 Global Business Licence and Insurance Agent Licence of EG Risk Solutions Ltd
- 18 Dec 2020 Imposition of Administrative Penalty - PCL Management Services (Mauritius) Ltd
- 08 Dec 2020 FSC Mauritius issues Notice – Appointment of Administrator on Century Global Ltd & Century Sharia Fund Ltd
- 03 Dec 2020 FSC Mauritius issues PUBLIC NOTICE -Notice of Surrender of Licence of Metropolitan Life International Limited
- 23 Oct 2020 Notice for the Surrender of the Management Licence of Fidinam (Mauritius) Limited
- 16 Oct 2020 FSC Mauritius issues Notice - Suspension of Licences of Emerging India Fund Management
- 16 Oct 2020 FSC Mauritius issues Notice - Suspension of Licence of Emerging Markets Investment Fund IA
- 01 Sep 2020 FSC Mauritius issues Public Notice- Suspension of Century Global Ltd
- 01 Sep 2020 FSC Mauritius issues Public Notice- Suspension of Century Sharia Fund
- 01 Sep 2020 FSC Mauritius issues Public Notice- Termination of Licence of Century Banking Corporation Ltd
- 27 Jul 2020 FSC Mauritius issues NOTICE -Revocation of the Global Business Licence of Neomenia Ltd
- 12 Dec 2019 FSC Mauritius issues Public Notice - Revocation of the GBC2 licence of JAMLS Group Ltd
- 03 Oct 2019 FSC Mauritius issues Public Notice- Revocation of the Management Licence of Black River Trust Company Ltd (previously known as Grand Baie Trust Company Ltd) & Disqualification of its Officers
- 03 Oct 2019 FSC Mauritius issues Public Notice - Disqualification of Ms. Varsharanee Roopun and Mr. Arun Ramswaroopji Panchariya from holding position as Officer
- 28 Aug 2019 FSC issues Communiqué - Appointment of Mr. Mohammad Reaz Emambocus as Liquidator of Nirvi Management Ltd (In Liquidation) and Lotus Fund Ltd (In Liquidation)
- 14 Jun 2019 FSC Mauritius issues Public Notice - Revocation of the GBC1 licence of Milson's Fintech
- 26 Mar 2019 Revocation of the Management Licence of Alan Harley Corporate Services Ltd
- 02 Oct 2018 FSC Mauritius issues Public Notice - Revocation of the Management Licence held by AG Fiduciary Solutions Ltd
- 02 Oct 2018 FSC Mauritius issues Public Notice - Disqualification of Mr Prithiviraj Juggapah from holding position as officer
- 29 May 2018 FSC issues Public Notice - Suspension of Management Licence of AG Fiduciary Solutions Limited
- 08 Apr 2018 FSC issues Public Notice – Suspension of the QG African Infrastructure 1. L.P.
- 08 Apr 2018 FSC issues Public Notice – Suspension of the QG AFRICA AGRICULTURE L.P.
- 08 Apr 2018 FSC issues Public Notice – Suspension of the QG AFRICA HEALTHCARE L.P.
- 08 Apr 2018 FSC issues Public Notice – Suspension of the QG Africa Hotel L.P.
- 08 Apr 2018 FSC issues Public Notice – Suspension of the QG AFRICA MEZZANINE L.P.
- 08 Apr 2018 FSC issues Public Notice – Suspension of the QG AFRICA MINING L.P.
- 08 Apr 2018 FSC issues Public Notice – Suspension of the QG AFRICA TIMBER L.P.
- 27 Mar 2018 FSC issues Public Notice – Suspension of the Investment Banking Licence held by Alvaro Sobrinho Africa Ltd
- 02 Mar 2018 FSC issues Public Notice – Suspension of Management Licence of Beaufort Management Services Ltd
- 02 Mar 2018 FSC issues Public Notice – Appointment of Administrator in relation to the whole business of Beaufort Management Services Ltd
- 22 Nov 2017 FSC issues Public Notice - Revocation of CIS Manager Licence of Cardinal Capital Partners
- 20 Sep 2017 FSC issues Public Notice – Appointment of Administrator in relation to the whole business activities of Black River Trust Company Ltd
- 20 Jun 2017 Appointment of Messrs Mohammed Reaz Emambocus and Deokumar Gangoosirdar as Joint Liquidators of India Focus Cardinal Fund
- FSC issues Public Notice – Removal of the disqualification of Mr Rajindersingh Borthosow
- 23 Dec 2016 Revocation of the Management Licence held by Belvedere Fiduciary Ltd
- 25 Nov 2016 Public Notice - Revocation of licences held by RDL Management Ltd
- 18 Nov 2016 FSC issues Public Notice -Termination of the Payment Intermediary Services Licence and Category 1 Global Business Licence of Cardpay Systems Inc
- 25 Oct 2016 FSC Mauritius issues Public Notice - Revocation of the Category 1 Global Business Licence and withdrawal of the authorisation to act as CIS of Rejuvenation PCC Limited
- 25 Oct 2016 FSC Mauritius issues Public Notice - Withdrawal of the authorisation to act as CIS of Theseus Property Fund Ltd
- 24 Oct 2016 FSC Mauritius issues Public Notice - Suspension of CIS Manager Licence and the Investment Adviser (Unrestricted) Licence of Belvedere Fund Manager Limited
- 15 Sep 2016 FSC issues Communiqué - Appointment of Mr. Subhas Purgus as liquidator of Venture Assets PCC
- 31 Aug 2016 FSC Mauritius issues Notice - Termination of the Investment Dealer Commodity segment and Investment Dealer Equity Segment authorisation of PCM Brokers DMCC
- 29 Aug 2016 FSC Mauritius issue communiqué relating to appointment of Liquidator of Lancelot Global PCC, The Four Elements PCC and Two Seasons PCC
- 26 Aug 2016 FSC Mauritius issues Public Notice - Disqualification of Mrs Francess Henriette Marie Michelle from holding position as officer
- 26 Aug 2016 FSC Mauritius issues Public Notice - Disqualification of Mr David Dawson Cosgrove from holding position as officer
- 26 Aug 2016 FSC Mauritius issues Public Notice - Revocation of the Management Licence held by Belvedere Management Limited
- 03 Aug 2016 FSC Mauritius issues Public Notice - Revocation of the Category 1 Global Business Licence of Starwings Aircraft Leasing Limited
- 08 Jul 2016 FSC Mauritius issues Notice - Termination of the Investment Adviser (Restricted) Licence of FAIRWAY ADVISORY SERVICES LIMITED (08-07-2016)
- 04 Jul 2016 FSC Mauritius issues Investor Alert -Alpex
- 04 Jul 2016 FSC Mauritius issues Public Notice - Termination of the CIS Manager Licence of Discovery Capital Managers Ltd
- 23 Jun 2016 FSC Mauritius issues Public Notice - Termination of IPG Markets Ltd
- 14 Jun 2016 FSC Mauritius issues Investor Alert - Commercial Exchange Bank
- 24 May 2016 FSC Mauritius issues Public Notice - Termination of the INVESTMENT DEALER (BROKER) Licence of African Alliance Securities (Mauritius) Limited
- 04 May 2016 FSC Mauritius issues Public Notice - Termination of the Distribution of Financial Products Licence of CONFIDENT ASSET MANAGEMENT LIMITED
- 26 Apr 2016 FSC Mauritius issues Public Notice- The HongKong and Shanghai Banking Corporation Limited
- 15 Apr 2016 FSC Mauritius issues Public Notice- NinetyEast
- 01 Apr 2016 FSC issues Public Notice - Disqualification of Officer - Mr. Jorg Gunther Neumann
- 01 Apr 2016 FSC issues Public Notice -Disqualification of Officer- Mr. Leonhard Pichler
- 31 Mar 2016 FSC Mauritius issues Public Notice - Revocation of the Investment Dealer (Broker) Licence and the Category 1 Global Business Licence of CityGate Securities Limited
- 31 Mar 2016 FSC issues Public Notice - Disqualification of Officer - Ms. Tanusha Sobrun
- 28 Mar 2016 FSC issues Public Notice - Disqualification of Officer - Mr Terry Thomson
- 28 Mar 2016 FSC issues Public Notice - Disqualification of Officer - Mr Kaviraj Rookny
- 28 Mar 2016 FSC issues Public Notice - Revocation of the Investment Dealer (Currency Derivatives Segment) Licence, Investment Dealer (Full Service Dealer excluding Underwriting) Licence and Category 1 Global Business Licence of FX Primus Limited
- 21 Mar 2016 FSC issues Investor Alert - OTMFX, Online Trade Market FX
- 26 Feb 2016 FSC issues Public Notice - Order to Cease Trading in Securities: Bramer Capital Brokers Ltd
- 29 Dec 2015 Notice of the Enforcement Committee under section 53(3) of the Financial Services Act
- 03 Nov 2015 FSC Mauritius issues Public Notice - Revocation of Category 1 Global Business Licence and withdrawal of authorisation to act as a Collective Investment Scheme of Global Equity Fund PCC
- 14 Oct 2015 FSC Mauritius issues Public Notice - Revocation of the Investment Adviser (Unrestricted) Licence and Category 1 Global Business Licence of MountRock Investment Management
- 14 Oct 2015 FSC Mauritius issues Public Notice - Revocation of the Investment Adviser (Unrestricted) Licence, Treasury Management Licence and Category 1 Global Business Licence of CountingHouse Limited
- 14 Oct 2015 FSC Mauritius issues Public Notice - Revocation of the Management Licence of DGT Global Management Services Ltd
- 21 Sep 2015 Public Notice- Fast Cover Ltd
- 21 Sep 2015 Notice of the Enforcement Committee under section 53(2) of the Financial Services Act
- 16 Sep 2015 FSC Mauritius issues Public Notice - Suspension of the CIS Manager Licence of Cardinal Capital Partners
- 14 Sep 2015 FSC Mauritius issues Public Notice - Revocation of Category 1 Global Business Licence and withdrawal of authorisation to act as a Collective Investment Scheme of Two Seasons PCC
- 14 Sep 2015 FSC Mauritius issues Public Notice - Revocation of the Category 1 Global Business Licence and withdrawal of Authorisation to act as Collective Investment Scheme of Venture Assets PCC
- 14 Sep 2015 FSC Mauritius issues Public Notice - Revocation of the Category 1 Global Business Licences and withdrawal of Authorisation to act as Collective Investment Scheme of India Focus Cardinal Fund
- 14 Sep 2015 FSC Mauritius issues Public Notice - Revocation of the Category 1 Global Business Licence of Germing Frey, Hotel & Resorts PCC
- 09 Sep 2015 FSC Mauritius issues Warning against Bank Capital Investment Management
- 29 May 2015 FSC Mauritius Public Notice: Suspension of the Management Licence of Belvedere Fiduciary Limited
- 28 May 2015 FSC Mauritius issues Public Notice - Suspension of the Investment Dealer (Currency Derivatives Segment) Licence and the Investment Dealer (Full Service Dealer excluding underwriting) Licence and Global Business Licence of FX Primus Limited
- 22 May 2015 FSC Mauritius issues Notice under S27 of Financial Services Act and S133 of Securities Act
- 08 May 2015 FSC Mauritius Public Notice: Suspension of the Management Licence of Bramer Global Services Ltd
- 08 May 2015 FSC Mauritius issues Public Notice: Suspension of the Insurance Broker Licence of Britam Co Ltd
- 08 May 2015 FSC Mauritius issues Public Notice: Suspension of the Factoring Licence of Creative Capital Co. Ltd
- 08 May 2015 FSC Mauritius issues Public Notice: Suspension of the Investment Dealer (Full Service Dealer Excluding Underwriting) Licence of BRAMER CAPITAL BROKERS LTD & Order to Cease Trading in Securities
- 08 May 2015 FSC Mauritius Public Notice: Suspension of the Representative of the Investment Dealer Licence of Mrs. Jaya Allock for BRAMER CAPITAL BROKERS LTD & Order to Cease Trading in Securities
- 30 Apr 2015 FSC Mauritius issues Notice: Appointment of Special Administrator in BAI Co (Mtius) Ltd and any of its related companies under Section 110A(2) of the Insurance Act 2005
- 29 Apr 2015 FSC Mauritius issues Public Notice: Suspension of the Management Licence of Belvedere Management Limited
- 24 Apr 2015 FSC Mauritius issues Public Notice: Revocation of the Investment Adviser (Unrestricted) Licence of Westminister Financial Ltd
- 16 Apr 2015 FSC Mauritius issues Public Notice - Revocation of the Investment Adviser (Unrestricted) and the Category 1 Global Business Licences of Surplus Finance S.A.
- 16 Apr 2015 FSC Mauritius issues Public Notice - Disqualification of Officers
- 10 Apr 2015 FSC Mauritius issues Warning against WATTENBERG CAPITAL LTD
- 08 Apr 2015 FSC Mauritius issues Public Notice: Suspension of Licences held by Bramer Asset Management Ltd
- 08 Apr 2015 FSC Mauritius issues Public Notice: Appointment of Joint Administrators in relation to the whole business activities of Bramer Asset Management Ltd
- 03 Apr 2015 FSC Mauritius issues Notice of Appointment of Conservator in BAI (Mtius) Ltd under the section 106 of the Insurance Act 2005
- 30 Mar 2015 FSC Mauritius issues Public Notice: Suspension of the CIS Manager Licence of RDL Management Ltd
- 30 Mar 2015 FSC Mauritius issues Public Notice: Appointment of Joint Administrators in relation to the whole business activities of RDL Management Ltd
- 25 Mar 2015 Notice of the Enforcement Committee under section 53(3) of the Financial Services Act 2007
- 24 Mar 2015 Joint Bank of Mauritius and Financial Services Commission Investor Alert: MasterCard Awards 2015
- 24 Mar 2015 FSC Mauritius issues Public Notice - Appointment of Administrator
- 20 Mar 2015 FSC Mauritius issues Public Notice - Revocation of the Category 1 Global Business Licence and withdrawal of Authorisation to act as Collective Investment Scheme of Lancelot Global PCC
- 20 Mar 2015 FSC Mauritius issues Public Notice - Revocation of the Category 1 Global Business Licence and withdrawal of Authorisation to act as Collective Investment Scheme of Four Elements PCC
- FSC Mauritius issues Public Notice - Revocation of the Investment Adviser (Unrestricted) Licence and Category 1 Global Business Licence of EntreCap
- 19 Dec 2014 FSC Issues Public Notice: Suspension of Investment Adviser (Unrestricted) Licence of Westminister Financial Ltd
- 15 Dec 2014 FSC Mauritius issues Cancellation of Suspension - Blue Ocean Management Limited
- 05 Dec 2014 FSC Mauritius issues Warning against GCM International Inc
- 27 Oct 2014 Joint CySEC and FSC Mauritius Alert: Warning against LiveFX Trader
- 24 Oct 2014 FSC Mauritius issues Investor Alert: African Stock Exchange
- 20 Oct 2014 FSC Mauritius issues Public Notice: Warning against Lancelot Global PCC
- 20 Oct 2014 FSC Mauritius issues Public Notice: Warning against Four Elements PCC
- 15 Sep 2014 FSC Mauritius issues Alert:Warning against INTELVITA Markets Limited
- 20 Aug 2014 FSC Mauritius issues Notice: KAVAID CO. LTD
- 30 Jul 2014 Notice - Murray Collins Offshore Management Co Ltd
- 28 Jul 2014 FSC Mauritius issues Notice: Westminister Financial Ltd
- 21 Jul 2014 BOM and FSC Investor Alert: UFX Trade Limited
- 28 May 2014 Public Notice - Man's Ltd
- 23 May 2014 Public Notice - Suspension of Management licence of Blue Ocean Management Limited
- 15 Apr 2014 Public Notice - Suspension of Management Licence of Apostle International Management Services Limited
- 11 Apr 2014 Warning against FXMTrading
- 22 Jan 2014 Cancellation of suspension COPEX Trustees
- 22 Jan 2014 Cancellation of suspension COPEX Management (22 January 2014)
- 19 May 2023 Determination of Financial Services Review Panel-2021 FSRP1
- 03 Oct 2019 Determination of Financial Services Review Panel – 2018 FSRP 6
- 03 Oct 2019 Determination of Financial Services Review Panel - 2018 FSRP 7
- 24 Apr 2018 Determination of the Financial Services Review Panel - 2018 FSRP 5
- 05 Apr 2018 Determination of the Financial Services Review Panel – 2018 FSRP 3
- 29 Mar 2018 Determination of the Financial Services Review Panel – 2018 FSRP 1
- 16 Nov 2017 Determination of the Financial Services Review Panel – 2017 FSRP 4
- 22 Mar 2017 Determination of the Financial Services Review Panel – 2017 FSRP 3
- 03 Mar 2017 Determination of the Financial Services Review Panel – 2017 FSRP 1
- 03 Mar 2017 Determination of the Financial Services Review Panel – 2017 FSRP 2
- 09 Dec 2016 Determination of the Financial Services Review Panel – 2016 FSRP 6
- 09 Dec 2016 Determination of the Financial Services Review Panel – 2016 FSRP 5
- 09 Dec 2016 Determination of the Financial Services Review Panel – 2016 FSRP 4
- 09 Dec 2016 Determination of the Financial Services Review Panel – 2016 FSRP 3
- 20 Sep 2016 Determination of the Financial Services Review Panel on the first ground of appeal of Mr Kaviraj Rookny
- 12 Aug 2016 Determination of the Financial Services Review Panel - Application of CityGate Securities Ltd
- 24 May 2011 Determination of the Financial Services Review Panel
- 11 May 2011 Determination of the Financial Services Review Panel
- 26 Nov 2013 Revocation of licence
- 26 Nov 2013 Suspension of licence
- 30 Oct 2013 Suspension of licence
- 30 Oct 2013 Suspension of licence
- 02 Oct 2013 Public Notice - Disqualification of Officer Rakshita Sumbang Kessewnath
- 02 Oct 2013 Public Notice - Disqualification of Officer Gaindanand Kessewnath
- 02 Oct 2013 Public Notice - Disqualification of Officer Sunita Kessewnath
- 02 Oct 2013 Public Notice - Disqualification of Officer Kevinraj Kessewnath
- 02 Oct 2013 Revocation of licence
- 02 Oct 2013 Revocation of licence
- 02 Oct 2013 Revocation of licence
- 17 Sep 2013 Licence lapsed
- 11 Sep 2013 Notice of the Enforcement Committee: Ostermann Finanz Ltd
- 05 Sep 2013 Revocation of licence
- 05 Sep 2013 Suspension of licence
- 07 May 2013 Notice of Suspension Ostermann Finanz Ltd
- 17 Apr 2013 Public Notice: Suspension of Nirvi Management Ltd
- 17 Apr 2013 Public Notice: Suspension of Lotus Fund Ltd
- 30 Mar 2011 Appointment of Administrator
- 25 Feb 2011 Revocation of Management Licence
- 21 Feb 2011 Revocation of Management Licence
- 17 Dec 2010 Suspension of licence
- 07 Dec 2010 Suspension of licences
- 18 Oct 2010 Judgement of Supreme Court confirming FSC decision
- 10 Aug 2010 Revocation of five Global Business Licences
- 27 May 2010 Suspension of six Global Business Licences