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Section 7: Person licensed to Gambling Regulatory

Financial Intelligence and Anti-Money Laundering Act · PART IV: MEASURES TO COMBAT MONEY LAUNDERING AND THE FINANCING OF TERRORISM

This section is inserted by Act No 5 of 2020, section 7.

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.

7. Person licensed to Gambling Regulatory operate a casino, a Authority established hotel casino, as a horse under the Gambling racing organiser, the Regulatory Authority Mauritius National Act Lottery, a limited payout machine, a sweepstake, as a local pool promoter, as the agent of a local pool promoter, a gaming house, a gaming machine, as a totalisator, as a bookmaker and interactive gambling under the Gambling Regulatory Authority Act (C) in item 8, by deleting the words “Dealer under the Jewellery Act” and replacing them by the words “Dealer in jewellery, precious stones or precious metals”; (D) by deleting item 11 and its corresponding entry; (ii) in Part II – (A) by numbering the existing provision as paragraph (1); (B) in the newly numbered paragraph (1) – (I) in subparagraph (a), by deleting the words “financial transactions equal to or above 100,000 rupees” and replacing them by the words “, on any given date, a total cumulative financial transaction equal to or above 20,000 rupees”; 146 Acts 2020 (II) in subparagraph (b), by deleting the words “financial transactions equal to or above 100,000 rupees” and replacing them by the words “, on any given date, a total cumulative financial transaction equal to or above 20,000 rupees”; (III) in paragraph (c), by deleting the words “, with respect to both the purchaser and the vendor, concerning the buying and selling of real estate” and replacing them by the words “concerning the buying, selling or rental of real estate”; (IV) in paragraph (d), by deleting the words “a dealer, under the Jewellery Act, who engages in any cash transaction” and replacing them by the words “a dealer in jewellery, precious stones or precious metals who engages in any transaction”; (V) in subparagraph (e) – (AA) by deleting the words “and licensed auditor” and replacing them by the word “licensed”; (AB) in sub subparagraph (i), by deleting the words “and selling” and replacing them by the words “, selling or rental”; (C) by adding the following new paragraph – (2) In this Part – “given date” means a period of 24 hours starting at 10 o’clock in the morning on a day and ending at 10 o’clock in the morning on the following day. Acts 2020 147

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