Since August 2020, a Memorandum of Cooperation was concluded by all AML/CFT Supervisors overseeing the financial services sector and the designated non-financial businesses and professions (DNFBP) in Mauritius. This led to the creation of the Interagency Coordination Committee (ICC) chaired by myself. The ICC facilitates policy formulation, exchange of information and operational coordination to effectively combat ML/TF and proliferation.
It also formalises capacity-building among the AML/CFT Supervisors and for operators both in the financial and DNFBP sectors. As at date, around twenty capacity-building sessions have been conducted under the aegis of the ICC, allowing our licensees to interact with the regulators, and amongst themselves, on topical matters related to AML/CFT. The 20th meeting of the ICC is scheduled for next week.