Section 19G: Functions of regulatory body

19G. Functions of regulatory body (1) Without prejudice to its existing functions under any other enactment, every regulatory body shall, for the purposes of this Act and the United Nations (Financial Prohibitions, Arms Embargo and Travel Ban) Sanctions Act 2019, and any regulations made and guidelines issued under those Acts – (a) supervise, monitor and give guidance to a member falling under its purview; Acts 2019 169 (b) cooperate with, and assist, investigatory authorities; (c) exchange information with investigatory authorities and supervisory authorities; (d) assist and exchange information with overseas comparable regulatory bodies; and (e) undertake and assist in research projects in order to identify the methods and trends of money laundering activities and the financing of terrorism and proliferation activities in Mauritius and in the region. (2) A regulatory body may enter into an agreement or arrangement for the exchange of information with an overseas comparable regulatory body, provided that the overseas comparable regulatory body undertakes to protect the confidentiality of any information exchanged. (3) A regulatory body may consult with, and seek such assistance from, any association or body representing a member or any other person as it may deem appropriate.