Section 22A: Domestic and international cooperation

22A. Domestic and international cooperation (1) Notwithstanding any other enactment, a competent authority may, spontaneously or upon request, exchange with a local competent authority and foreign counterpart, any information relating to money laundering, predicate offences, terrorist financing or any other AML/CFT related information. (2) Notwithstanding any other enactment, a financial supervisor may, when relevant for AML/CFT purposes, exchange with other supervisors that have a shared responsibility for financial institutions operating in the same group – (a) regulatory information, such as information on the domestic regulatory system and general information on the financial sector; (b) prudential information on a financial institution’s business activities, beneficial ownership, management and fitness and propriety; and (c) AML/CFT information, such as internal AML/CFT procedures and policies of financial institutions, customer due diligence information, customer files, samples of accounts and transaction information. (3) A competent authority which receives information from a foreign counterpart should use the information only for the purpose for which it has been received and should not disclose that information, unless prior authorisation has been given by the foreign counterpart. (4) Any information shared under this section may be subject to such conditions as may be specified by the competent authority or financial supervisor, including conditions restricting the use, dissemination and disclosure of the information imparted. (5) In this section – “competent authority” – (a) means a public authority to which responsibility to combat money laundering or terrorist financing is designated; and (b) includes a supervisory authority, regulatory body and an investigatory authority; “financial supervisor” means the Bank of Mauritius, the Financial Services Commission and the Registrar of Cooperative Societies. (o) in the First Schedule – (i) in Part I – (A) by deleting item 7 and its corresponding entries and replacing it by the following item and its corresponding entries –