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Mauritius Complies with International Sanctions: A Comprehensive Overview

As a member of the United Nations, Mauritius is required to adhere to international sanctions imposed by the UN Security Council. The island nation has put in place a robust sanctions regime to ensure compliance with these measures.

Implementing Sanctions Regime

The country’s sanctions regime is enforced through various laws and regulations, including:

  • Financial Intelligence and Anti-Money Laundering Act 2002
  • Anti-Drug Smuggling Unit Act
  • United Nations (Financial Prohibitions, Arms Embargo and Travel Ban) Sanctions Act 2019

These laws give effect to UN resolutions and sanctions imposed on individuals and entities deemed to be involved in terrorism, drug trafficking, and other serious crimes.

National Sanctions Secretariat

The National Sanctions Secretariat (NSSEC), established under the UN Sanctions Act, is responsible for implementing targeted sanctions and measures imposed by the UN Security Council. The NSSEC works closely with other government agencies, including:

  • Financial Intelligence Unit (FIU)
  • Anti-Drug Smuggling Unit of the Mauritius Police Force

Role of Private Sector Entities

In addition to these government agencies, private sector entities, such as law firms and financial institutions, also play a crucial role in implementing sanctions. These organizations are required to conduct due diligence on their clients and business partners to ensure compliance with UN sanctions.

Independent Commission Against Corruption

The Mauritian government has taken a proactive approach to combating terrorism financing and other serious crimes by establishing the Independent Commission Against Corruption (ICAC). The ICAC has wide investigatory powers, including:

  • Search and seizure powers
  • Ability to impose severe penalties on individuals found guilty of corruption offenses

Conclusion

In conclusion, Mauritius’ robust sanctions regime, supported by a range of government agencies and private sector entities, ensures the country’s compliance with international sanctions. This commitment to upholding global norms and standards helps to maintain the country’s reputation as a responsible and reliable player in the global financial system.

Contact Information

For further information on Mauritius’ sanctions regime or to seek legal advice on compliance matters, please contact:

  • Melissa Virahsawmy, Counsel, Dispute Resolution
  • Sharvada Bholla-Thodda, Regional Compliance Manager, Compliance
  • Mark Holligon, Barbara Padega

or visit the website of Eversheds Sutherland at http://www.eversheds-sutherland.com.