Mauritius Finance Launches Compliance Training Initiatives for Financial Institutions
Promoting Upskilling and Capacity Building in the Financial Services Sector
Mauritius Finance has launched a series of training initiatives in collaboration with renowned international partners to promote upskilling and capacity building in the financial services sector. The launch event was held at the Hennessy Park Hotel in Ebène, Mauritius, and saw the presence of top government officials, including Hon. Mahen Kumar Seeruttun, Minister of Financial Services and Good Governance.
Keynote Address by the Minister
The Minister emphasized that “Mauritius can successfully compete as a financial jurisdiction” and encouraged employers to encourage their employees to receive cutting-edge training through registered courses by the Mauritius Qualifications Authority (MQA). He also congratulated Mauritius Finance for its initiative to upskill professionals, which he highlighted had made significant progress since last year.
Importance of Training
The Chairperson of Mauritius Finance, Mahesh Doorgakant, underscored the importance of training in line with international standards. He noted that a number of advanced new financial products were being launched and brought into Mauritius, making it an attractive jurisdiction for investors.
Training Initiatives
The training initiatives are designed to provide professionals with the skills and capacity building they need in areas such as:
- Compliance
- Fund administration
- Corporate and trust administration
The courses have been customized according to Mauritian laws and regulations and are offered by international partners, including:
- Chartered Institute for Securities & Investment (CISI)
- CLT International
- International Compliance Association (ICA)
- STEP
Objectives of the Training Initiatives
The CEO of Mauritius Finance, Samade Jhummun, emphasized that the organization’s objectives are focused on bringing advanced knowledge in areas relevant to the financial services sector. He highlighted the importance of continuous professional development (CPD) for professionals and noted that the training courses will facilitate:
- AML/CFT assessment
- Other benefits
Response from Industry Players
The training initiatives have already received significant interest from industry players, with over:
- 340 enrolments for CLT International’s fund administration and fund accounting certificates
- 140 enrolments for STEP’s certificate in AML matters
The CEO encouraged professionals to take advantage of the extensive courses, which amount to less than Rs 1,000 after the HRDC refund.
Contact Information
For more information regarding the training courses being provided by Mauritius Finance, please contact trainings@mauritiusfinance.com.