FSC Outreach Sessions: April-June 2022
FSC Outreach Sessions: April-June 2022
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Date |
Outreach Sessions |
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26 April 2022 |
ICC Virtual Workshop on Crypto Compliance with Ongoing Sanctions
A virtual workshop on ‘Crypto Compliance with Ongoing Sanctions’ was organised under the aegis of the Interagency Coordination Committee (ICC). The overall aim was to apprise licensees on the Office of Foreign Asset Control (OFAC) sanctions, Know Your Customer (KYC) obligations for crypto, macroeconomic perspectives of crypto currency, sanctions screening and the main challenges ahead. |
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29 April 2022 |
Virtual workshop on Targeted Financial Sanctions and Proliferation Financing, Enforcement Powers & Sanctions
The FSC conducted a virtual outreach session for its licensees in instances of Proliferation Financing (PF), Terrorist Financing (TF) and Targeted Financial Sanctions (TFS) non-compliance and for supervisors to enhance efforts to impose proportionate and dissuasive sanctions. The outreach was targeted to MLROs and Compliance Officers of financial institutions.
The session covered aspects of TFS and PF from a supervisory and licensing perspective. The participants were also acquainted with the proliferation supervision system in Mauritius, importance of sanctions screening, red flags, and enforcement actions amongst others. |
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16 June 2022 |
ICC Virtual Workshop on Dissemination of Risk Assessment relating to the Virtual Asset Space
A webinar on “Dissemination of Risk Assessment relating to the Virtual Asset Space” was organised under the aegis of the ICC due to the emerging trend of Virtual Assets (VA). This webinar was jointly organised by the FSC and the Financial Intelligence Unit (FIU). The overarching goal of the workshop was to apprise the Compliance Officers, MLROs and Deputy MLROs of FSC licensees, of the risks associated with the development of VA in Mauritius.
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17 June 2022 |
Virtual Outreach on Suspicious Transaction Reporting (STR) Obligations
The FSC, in collaboration with the FIU, conducted a virtual outreach on STR Obligations. The aim of the outreach was to raise awareness and knowledge of reporting persons on how to fulfil their STR filing obligations using the GoAML platform, AML/CFT Obligations, onsite inspection findings, enforcement actions and typologies related to financial institutions.
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