In line with his responsibility to ensure the sound governance and economic resilience of the country, President Dharambeer Gokhool welcomed Mr Ramsamy Chinniah, Chairperson, and Mr Désiré Vencatachellum, CEO of the Financial Services Commission, to State House for a fruitful exchange.
Discussions focused on the critical role that the FSC plays in regulating the non-bank financial services sector, as well as its key contribution as an important pillar of Mauritius’ economy and in supporting high-quality employment.
The exchange also highlighted its mandate in promoting fairness, efficiency and transparency across financial institutions and capital markets, while protecting investors and minimising reputational risk for the country.
Conversations further centred on ongoing measures to strengthen Mauritius’ Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) framework ahead of the forthcoming evaluation by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG).
Emphasis was laid on enhanced inter-agency collaboration, the integration of technology including artificial intelligence, and the use of well-defined performance indicators. In this regard, the FSC remains fully engaged within the Inter-Ministerial Committee overseeing national preparedness.
In the same vein, President Gokhool also exchanged with Ms Lovania Pertab, Director of the Financial Intelligence Unit.
Discussions focused on the central role of the FIU in safeguarding Mauritius’ financial integrity, stability and international credibility.
Key functions such as intelligence gathering and dissemination with competent authorities, as well as ensuring compliance with the legal framework, were highlighted.
Preparations for the ESAAMLG mutual evaluation were also addressed, alongside ongoing efforts in capacity building, the leveraging of technology, and the development of a communication strategy to further enhance public awareness about the FIU’s mandate.