Comply Mate Limited

🚨 Key Outcomes from the FATF Plenary, 26-28 June 2024 in Singapore 🚨 Main points: 1. Revised Criteria:   - Updated criteria for prioritizing countries under the International Cooperation Review Group (ICRG) to be more risk-based. 2. Jurisdiction Changes:   - Monaco and Venezuela added to increased monitoring.   - Jamaica and Türkiye removed from increased monitoring after significant progress. 3. Concerns on DPRK:   - Ongoing concerns about the Democratic People’s Republic of Korea’s (DPRK) AML/CFT deficiencies and proliferation financing risks. 4. Evaluations of India and Kuwait:   - India: High compliance but needs improvements in some areas.   - Kuwait: Adequate framework but serious shortcomings remain. 5. Strategic Initiatives:   - Continued suspension of the Russian Federation.   - Review of measures to prevent gatekeepers from facilitating financial crimes. 6. Technology and Inclusion:   - Update on implementation of FATF Standards on virtual assets.   - Discussion on revising standards for cross-border payment systems. 7. Women in FATF Initiative:   - Launched the e-book “Breaking Barriers: Inspiring the Next Generation of Women Leaders.” 8. Incoming Mexican Presidency:   - Focus on financial inclusion, effective assessments, and combating terrorism and proliferation financing. Read the full outcomes document here: https://lnkd.in/e9WnyWpY #FATF #AML #CTF #FinancialCrime #RiskManagement #WomenInLeadership #Mauritius #Africa #Compliance

🚨 The Wolfsberg Group's 2024 Statement on Effective Monitoring for Suspicious Activity 🚨 Key Points: 🔍 Broader Scope: The statement covers not just transaction monitoring but also customer behaviour and attributes, providing a more comprehensive view of suspicious activities. 📊 Quality Over Quantity: Shifting focus from the volume of SARs/STRs to the value and usefulness of the information provided. 💡 Innovation and Technology: Encouraging the use of new technologies and data analytics to improve detection capabilities. 🤝 Collaboration and Feedback: Highlighting the importance of feedback from government authorities to enhance the effectiveness of SARs/STRs. Read the full statement here: https://lnkd.in/dRayyS9r #WolfsbergGroup #FinancialCrime #AML #CTF #RiskManagement #Innovation #Compliance #Mauritius #Africa

📢 𝐈𝐧𝐯𝐢𝐭𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐁𝐢𝐝𝐬: 𝐑𝐞𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐝𝐞 𝐨𝐟 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐟𝐨𝐫 𝐌𝐚𝐮𝐫𝐢𝐭𝐢𝐮𝐬 (2016) 🌍 🔍 The 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐞 𝐨𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 (𝐍𝐂𝐂𝐆) under the aegis of the Ministry of Financial Services and Good Governance is pleased to launch a 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐏𝐫𝐨𝐩𝐨𝐬𝐚𝐥𝐬 (𝐑𝐅𝐏) for skilled consultants to undertake a 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐫𝐞𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐝𝐞 𝐨𝐟 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐟𝐨𝐫 𝐌𝐚𝐮𝐫𝐢𝐭𝐢𝐮𝐬 (2016). 🎯 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭: This significant project aims to update the 2016 Code to integrate sustainable investment practices, align with international corporate governance standards, and address the pressing ESG dimensions critical for Mauritius's role as a sustainable investment hub in Africa. 📅 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐃𝐚𝐭𝐞𝐬: - Deadline for Submission: 31 May 2024, 15:00 (local time). - Bid Opening: 31 May 2024 🌐 For the detailed RFP, including Terms of Reference and submission guidelines, please refer to the attached document. 📌 𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧: The National Committee on Corporate Governance, c/o Rogers Capital Corporate Services Ltd., 3rd Floor, Rogers House, No. 5, President John Kennedy Street, Port Louis, Mauritius. We look forward to your innovative proposals that will help position Mauritius as a leader in sustainable governance and investment. Join us in shaping the future of corporate governance in Mauritius!   #CorporateGovernance #Sustainability #RFP #Mauritius #ConsultingOpportunity #GovernanceReview #Africa #CG #Code #NCCG #ESG #MauritiusIFC #IFC

🚀 EU Strengthens AML Measures: Key Points 🚀 The European Union has reached a pivotal agreement to enhance Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) controls. Here's a brief on the technical updates: - Uniform Supervision: Harmonisation of AML/CTF rules across the EU for consistent enforcement. - Beneficial Ownership Transparency: Enhanced accessibility to data on company ownership to prevent misuse. - FIUs Empowerment: Financial Intelligence Units gain expanded powers for analysis and suspension of dubious transactions. - Football Clubs Regulation: By 2029, football clubs will need to comply with AML checks and reporting. - Cash Payment Cap: A limit of €10,000 on cash transactions to curb laundering activities. - Compliance and Sanctions: Strengthened compliance measures against sanctions evasion, with a focus on high-value transactions and individuals. These measures await formal adoption to come into force, representing a significant step in the EU's commitment to financial integrity and security. #EU #AML #financialcrime #compliance #africa

📈 Mauritius Sees Remarkable Growth in Foreign Direct Investment (FDI) In an inspiring turn of events, Mauritius has witnessed a significant uptick in foreign direct investment inflows, marking a 27% increase to reach 23.1 billion rupees ($503 million) in just nine months through September, compared to the previous year. The luxury residential market has seen an impressive rise with sales to foreigners, thus indicating robust confidence in Mauritius as a prime location for investment in high-end living spaces. 🌴 This surge in FDI is a testament to the resilience and attractiveness of Mauritius as a destination for both living and hospitality investment. It speaks volumes about the potential for sustainable growth and development in the tourism-dependent nation, offering promising avenues for investors and stakeholders alike. #Mauritius #FDI #africa #realestate #investing #markets

At the World Government Summit presently taking place in Dubai, UAE (which His Excellency the President of the Republic of Mauritius & his spouse are attending), the keynote address of the Prime Minister of India, Shri Narendra Modi, focussed on Modern Good Governance being the key pillar for future governments. His key messages, amongst others were: 1. the world needs inclusive, social and smart governments; 2. the world needs clean, green & transparent governments; 3. there should be minimum interference by government in people; 4. there should be minimum government and maximum governance; 5. green imperatives are a priority to combat climate change; 6. harness technology as a food for progress; 7. people's participation should be a top priority; 8. focus on social and financial inclusion; 9. prioritise public sentiment in governance; and 10. cohesive & collaborative world is a must. #goodgovernance #futuregovernments #climatechange #corruptionfree #WGS #inclusive #green #sustainable #nccg #smartgovernments #transparency #technology

Curfew as from 20hr tonight till noon tomorrow. #Belal #curfew #cyclone

 Network for Greening the Financial System (‘NGFS’) - effective from 27 December 2023, the Financial Services Commission, Mauritius (“FSC”) joins NGFS as a plenary member. A major milestone achieved on the sustainability front! Let's maximise value out of this membership in 2024. #NGFS #FSC #climatechange #ESG #greeningfinance #sustainableeconomy #transitionécologique

Thrilled to be part of the Ecoshe Team and to have co-taught this incredibly resourceful Plant-Based Course in collaboration with Uniciti International Education Hub. More HRDC Refundable sessions lined up for 2024!

Honoured to have been a part of the National Committee on Corporate Governance (NCCG)'s remarkable journey during its first gala dinner. This event marked the presentation of the Corporate Scorecard (CG) Assessment Report 2022 and the launch of the Diversity, Equity and Inclusion (DEI) Charter. Here's a glimpse of a cherished moment alongside NCCG's Chair, Me. Aruna Radhakeesoon, another featuring the President, Ryan Ah Seek, and Vice President, Dimitry Ah-Yu, of Collectif Arc-en-Ciel, and a photo from last year's CG Scorecard Assessment Report 2021 presentation with Kavya Saikia. 🔗 : CG Scorecard Assessment Report 2022: https://lnkd.in/dr_fpnpR DEI Charter: https://lnkd.in/d28qvxed #Africa #corporategovernance #complianceexcellence #Mauritius #NCCG #DEI #diversity #equity #inclusion