Section 14:
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.
14. Reporting obligations of banks, financial institutions, cash dealers, controller or auditor of a credit union under the Co-operatives Act and members
of relevant professions or occupations
(1) Every bank, financial institution, cash dealer, controller or auditor of a
credit union under the Co-operatives Act or member of a relevant profession
or occupation shall, as soon as practicable but not later than 15 working
days from the day on which it becomes aware of a transaction which it has
reason to believe may be a suspicious transaction, make a report to FIU of
such transaction.
[Issue 9] F8 – 12
Revised Laws of Mauritius
(1A) Where FIU receives a report under subsection (1), it shall provide
feedback in writing on the outcome of the report to the bank, financial institution, cash dealer, controller or auditor of a credit union or member of the
relevant profession or occupation and to the relevant supervisory authority.
(2) Nothing in subsection (1) shall be construed as requiring a law practitioner to report any transaction of which he has acquired knowledge in privileged circumstances unless it has been communicated to him with a view to
the furtherance of a criminal or fraudulent purpose.
[S. 14 amended by s. 17 (f) of Act 27 of 2013 w.e.f. 21 December 2013; s. 22 (c) of
Act 18 of 2016 w.e.f. 7 September 2016.]