Section 57: Anti-money laundering and combating financing of terrorism
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
57. Anti-money laundering and combating financing of terrorism
(1) Every internal controller or auditor of a society shall—
(a) as soon as practicable but not later than 15 working days from
the day on which he becomes aware of a transaction which he
has reason to believe may be a suspicious transaction, make a
report to FIU of such transaction; and
(b) provide to FIU such information as it may require regarding the
transaction.
(2) The Registrar shall ensure that—
(a) every internal controller and auditor comply with subsection (1);
and
(b) every society complies with the relevant guidelines issued by FIU;
(3) The Bank of Mauritius or the Financial Services Commission may
provide the Registrar such technical support and assistance, as he may
require, in the licensing, regulating and supervision of societies.
(4) In this subsection—
“FIU” has the same meaning as in the Financial Intelligence and AntiMoney Laundering Act;
[Issue 10] C49 – 32
Revised Laws of Mauritius
“suspicious transaction” has the same meaning as in the Financial
Intelligence and Anti-Money Laundering Act.
(5) Any internal controller or auditor who fails to comply with
subsection (1) shall commit an offence and shall, on conviction, be liable to a
fine not exceeding one million rupees.
[S. 57 amended by s. 16 (a) of Act 11 of 2018 w.e.f. 9 August 2018.]