Section 64C: Examination of financial institutions or holders of
This section is inserted by Act No 11 of 2018, section 5.
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
64C. Examination of financial institutions or holders of
licence
(1) (a) The central bank may, from time to time,
conduct an examination of the operations and affairs of every
financial institution or holder of a licence to assess whether
the financial institution or holder of a licence is complying
with the guidelines, directives or instructions issued under
section 64B.
(b) Paragraph (a) shall apply to any subsidiary,
branch, agency or office outside Mauritius of the financial
institution or holder of a licence incorporated or established
in Mauritius.
(2) Sections 42 to 45 shall apply to an examination
carried out under subsection (1) with such modifications,
adaptations and exceptions as may be necessary.
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Questions this section answers
- Can the central bank examine my bank's foreign branches for anti-money laundering compliance?