Mauritius:
Updates To The AML/CFT Guidance Notes For Virtual Asset Service Providers And Issuers Of Initial Token Offerings
05 July 2022
AXIS Fiduciary Ltd
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Further to the AML/CFT Guidance Notes for Virtual Asset Service
Providers ("VASPs") and Issuers of Initial Token
Offerings ("IITOs") ("Guidance Notes")
initially issued on 28 February 2022, the Financial Services
Commission has updated its guidelines in line with the Financial
Action Task Force Updated Guidance on Risk- Based Approach on
Virtual Assets and Virtual Asset Service Providers published in
October 2021.
The updated Guidance Notes aim to assist VASPs and IITOs to meet
their regulatory obligations on targeted financial sanctions,
including sanction screening and implementation of internal
controls and other procedures to prohibit transactions with
designated and listed parties. Click HERE to read more, in
the official communiqué issued by the FSC.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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