FIU calls for registration of ‘Reporting Persons’

The Financial Intelligence Unit (FIU) has called for the registration of all reporting persons under Section 9 of the FIAMLA (Financial Intelligence and Anti-Money Laundering Act. 2002).

Reporting persons, it said, include banks, financial institutions, cash dealers or members of designated professionals and occupations as set out under Part 1 of the First Schedule of the FIAMLA.

The deadline for registration has been set for 20 July 2022.

The FIU is the central Mauritian agency for the request, receipt, analysis and dissemination of financial information regarding suspected proceeds of crime and alleged money laundering offences as well as the financing of any activities or transactions related to terrorism to relevant authorities.

The FIU has been a member of the Egmont Group of Financial Intelligence Units since 2003.

Since January 2016, further to amendments brought to the Asset Recovery Act 2011, the FIU has been assigned the functions of Asset Recovery.

The FIU is now the Enforcement Authority under the Asset Recovery Act and also comprises a new division- the Asset Recovery Investigations Division (ARID) which performs the functions set out under this legislation, while reporting to the FIU Director.