Africa-Press – Mauritius. The role of Beneficial Ownership (BO) Registers as a tool to ensure transparency of beneficial owners, legal persons, trusts and similar legal arrangements, is the focus of a two-day workshop which kicked off, this morning, at the FSC House, in Ebène.
The Key Expert of the European Union on Anti-Money Laundering and Countering the Financing of Terrorism (EU AML/CFT) Global Facility, Mr Alexandre Taymans, the Director of the Registrar of Companies (ROC), Mrs Prabha Chinien, and the Acting Permanent Secretary of the Ministry of Financial Services and Good Governance, Mr Navindsing Jugmohunsing, were present at the opening ceremony.
The workshop, an initiative of the ROC and the EU Global Facility on AML/CFT, is part of a series of activities that will be organised in Mauritius from 17 to 25 November 2021.
It brings together key authorities namely the Corporate and Business Registration Department, the Financial Services Commission, the Bank of Mauritius, the Attorney-General’s Office, the Financial Intelligence Unit, the Gambling Regulatory Authority and the Mauritius Institute of Professional Accountants.
In his address, Mr Taymans, lauded the efforts and commitment of Mauritius in the delisting process of the country from the FATF grey list. This, he said, is a major milestone for the country and is a great encouragement for future endeavours.
The aim of the workshop, he said, is to discuss issues and challenges that Mauritius and Europe, as jurisdictions, have in terms of implementing BO Registers. The workshop, he added, marks the start of a new partnership and open dialogue between the EU and Mauritius.
For her part, Mrs Chinien, extended gratitude to the EU AML/CFT Global Facility for their technical assistance in the implementation of the AML/CFT framework in Mauritius and the setting up of the BO Register.
She recalled that in October 2021 Plenary, the FATF concluded that Mauritius has made significant progress in addressing strategic AML/CFT deficiencies and improving the implementation of anti-money laundering and counter-terrorist financing controls.
As for the Acting Permanent Secretary, he stated that Mauritius as an international financial centre is committed to put in place bold measures to maintain its reputation as a transparent and credible jurisdiction.
The Government, he said, is determined to protect the integrity of the financial services sector so that it continues to prosper in a sustainable manner and contributes to the economic development of the country.
He also expressed satisfaction regarding the efforts of all regulatory bodies in contributing to the removal of Mauritius from the FATF and UK AML/CFT deficiencies’ lists.
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