Regulations under the Financial Intelligence and Anti-Money Laundering Act 2002 have been promulgated. Another law on Mutual Assistance in Criminal and Related Matters has also been enacted. Guidance Notes on Anti-Money Laundering and combating the Financing of Terrorism have been updated and aligned with international standards as acknowledged by the FSAP Mission.
The ambiguity as to whether the Bank of Mauritius is empowered to issue such Guidance Notes has been dealt with in the Anti-Money Laundering (Miscellaneous Provisions) Act. Furthermore, a few additional guidelines are being worked upon. A draft Guideline on Credit policy has already been finalised and is due to be issued to the industry shortly.