In line with the Code on the Prevention of Money Laundering & Terrorist Financing, we are mandated to perform a full Customer Due Diligence (CDD) check on all our clients prior to on-boarding. Moreover, ITL constantly reviews and enhances its processes and procedures in order to mitigate any AML/CFT and other related risks which may jeopardise its clients’ businesses. Also, as part of ITL’s internal procedures, all staff are provided with AML/CFT training at least once a year and an assessment is carried out at the end of each training to ensure that the staff are conversant with the local AML/CFT laws.
We can further assist our clients in fulfilling their AML/CFT requirements as follows:
-
Advise our clients of KYC / AML / CFT requirements in accordance with the laws of Mauritius
-
Preparation of a compliance report on a yearly basis or upon request to report on the clients' compliance with the conditions attached to their licence and the local regulatory framework
-
Perform full CDD check on clients' target investments where inter-alia, we will undertake screening of ultimate beneficial owners, initial sanctions and block list screening and perform enhanced KYC whenever required
-
Perform full CDD check on new investors joining client structures
