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Compliance Officer Responsibilities in Mauritius: A Key Role in Adhering to Regulatory Requirements
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In order to ensure compliance with regulatory requirements, Appleby Mauritius Office has outlined key responsibilities for its Compliance Officers. As directed by the Regional Compliance Manager, these officers will be responsible for assisting the office in adhering to its obligations as a regulated professional firm under the Financial Intelligence and Anti-Money Laundering Act 2002 and other related laws.
Principal Duties and Responsibilities
The principal duties and responsibilities of Compliance Officers include:
- Managing the compliance component in the client on-boarding process
- Responding to enquiries on international affairs
- Maintaining and updating databases
- Coordinating reviews
- Assisting in planning and facilitating training sessions
- Providing regular management reports
- Staying abreast with international sanctions regimes and regulatory developments
- Engaging with key stakeholders
- Actively participating in internal working groups
Requirements for Success
To excel in this role, Compliance Officers must possess:
- Excellent time-management skills
- Organizational skills
- Interpersonal skills
- Presentation skills
- Communication skills
- Problem-solving skills
- A compliance or legal designation issued by a recognized body
- A demonstrable understanding of international standards on money laundering, terrorist financing, financial sanctions, and bribery corruption
Experience and Skills
Previous experience of at least one year in a similar role within a law firm or regulated financial service provider is required. The ability to:
- Use initiative
- Work under pressure
- Meet deadlines
- Work overtime when necessary
- Maintain confidentiality
- Have attention to detail
is crucial. A working knowledge of Mauritius regulatory requirements governing the provision of legal services and proficiency in using Microsoft Office is also essential.
Additional Requirements
Knowledge of FileSite and AdEx would be an asset. With these skills and qualifications, Compliance Officers will play a vital role in ensuring Appleby Mauritius Office remains compliant with regulatory requirements.