The Financial Services Commission (FSC) is to promote the development of financial services and must preserve the image of the jurisdiction of Mauritius as a financial center clean and correct. Statement of President Marc Hein Thursday at the presentation of the key points revealed by the "on-site visits" for management companies (MCs) by the FSC.
The FSC inspections conducted in 2012 in 159 of 164 MCs operating in Mauritius. Of the 65 MCs who have been the object of reports, only 29 (45%) received reports completely "clean". In other words, 55% of MCs, the FSC has identified one or more deficiencies. "Small defects which do not justify as a suspension or revocation of license to operate," says one to the FSC.
Exercise the FSC timely preparation for the next round of negotiations with India on the treaty to avoid double-taxation. But, as explained Clairette Ah Hen, Chief Executive of the FSC, all this was already in the laws and the action plan is activated just a little bit. To demonstrate to those who still doubt that the FSC is doing its job.
Among the highlights shortcomings and deficiencies revealed by this exercise and on which the FSC crack account, we find the control and verification of sources of money and income "customer due diligence", the monitoring of client business MCs, the "filling" of the accounting records, the relationship "troubles" between MCs and audit companies, as well as the number and competence of staff to serve MCs, among other clients.
Maurice est une juridiction qui adhère pleinement aux normes internationales et à ses pratiques dans la transparence. C’est ainsi que la Financial Services Commission (FSC), dans un communiqué émis le 24 novembre, défend le pays, cité dans l’affaire des Paradise Papers.
4 years ago
Le ministre des Services Financiers et de la Bonne Gouvernance, Sudhir Sesungkur, a confirmé ce matin au Mauricien que la Financial Services Commission (FSC), l’autorité régulatrice du secteur des services financiers non bancaires, s’est déjà mis à l’ouvrage pour « étudier la véracité des informations contenues dans le lourd dossier (13,4 millions de documents) des Paradise Papers, en particulier les informations relatives aux activités dans le centre financier mauricien ».
4 years ago