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Financial Services

Compliance and Governance Support for Licensed Financial Entities

We manage the ongoing AML/CFT, compliance, and governance obligations that come with holding an FSC licence, so your entity stays in good standing after it's launched.

Overview

Keeping a Licence in Good Standing After Launch

Ongoing Regulatory Compliance & Governance covers the compliance, reporting, and governance work that continues after a financial services entity is licensed, AML/CFT programme management, FSC condition monitoring, and board and directorship support.

We work with fund managers, dealers, custodians, insurers, and payment licensees across the Financial Services Entities category, tailoring the compliance framework to each licence's specific conditions rather than applying a generic template.

3
Regulators, FSC, FIU & MRA
Ongoing oversight from the Financial Services Commission, Financial Intelligence Unit, and Mauritius Revenue Authority.
Annual
Compliance Reviews
Structured reviews of AML/CFT programme effectiveness and licence condition adherence.
MLRO & Compliance Officer
Roles We Provide
Qualified officers to meet FSC licensing conditions for governance and reporting.

What We Provide

Key Features of Our Compliance & Governance Service

AML/CFT Programme Management
Risk-based due diligence, transaction monitoring, suspicious activity reporting, and staff training, tailored to the entity's licence.
MLRO & Compliance Officer Services
Appointing qualified officers to meet FSC conditions requiring a Money Laundering Reporting Officer and Compliance Officer.
FSC Licence Condition Monitoring
Tracking licence-specific conditions and reporting obligations to flag issues before they become findings.
Board & Directorship Support
Supporting board composition, meeting cadence, and governance documentation required by the licence.
Annual Compliance Reviews
Structured yearly assessment of AML/CFT effectiveness, KYC files, and licence condition adherence, reported to the board.
Regulatory Reporting
Preparing and submitting FSC returns, FIU reports, and other filings tied to the specific licence held.

Process

How It Works

01
Compliance Assessment
Reviewing the entity's current AML/CFT programme, KYC files, and licence condition adherence.
02
Programme Design
Building or refining the compliance framework against the specific licence's FSC conditions.
03
Officer Appointment
Appointing an MLRO and Compliance Officer where the licence requires it.
04
Board & Governance Support
Structuring board composition and meeting cadence to meet governance conditions.
05
Ongoing Monitoring & Reporting
Managing FSC, FIU, and MRA filings on an ongoing basis.
06
Annual Review
Conducting the yearly compliance review and reporting findings to the board.

Requirements

Requirements & Eligibility

When This Service Applies

  • An entity holds, or is applying for, an FSC financial services licence and needs ongoing compliance support
  • An existing licence holder needs an MLRO, Compliance Officer, or board support to meet its conditions
  • A licensee wants a structured annual compliance review ahead of an FSC inspection

Compliance Considerations

  • Licence conditions vary by category, so the compliance framework should be built around the specific licence held, not a generic template
  • AML/CFT obligations apply across virtually all FSC-licensed financial entities, regardless of size
  • Board governance requirements are often tied directly to licence conditions, particularly for CIS Manager, custodian, and dealer licences

Common Questions

Frequently Asked Questions

An AML/CFT programme covering customer due diligence, transaction monitoring, suspicious activity reporting, and staff training; appointment of an MLRO and Compliance Officer; adherence to licence-specific FSC conditions; and periodic reporting to the FSC, FIU, and MRA as applicable.
Most FSC financial services licences require both roles to be appointed. We can provide qualified officers as part of ongoing compliance management where the entity doesn't have them in-house.
At least annually, covering AML/CFT programme effectiveness, KYC file currency, and licence condition adherence. Reviews are documented and presented to the board, and retained for potential FSC inspection.
Support structuring board composition, meeting cadence, and governance documentation to meet the licence's specific conditions, including resident director requirements that apply to certain licence categories.
Consequences range from FSC warnings and financial penalties to licence suspension or revocation, and serious cases may be referred to the FIU. Our proactive monitoring is designed to flag issues before they become findings, and we manage remediation and regulatory engagement if a breach does occur.
No, this service is tailored to FSC-licensed financial services entities specifically. General compliance support for Global Business Companies and other Enterprise Solutions entities sits under our separate Risk Management & Regulatory Compliance service.

Continue Exploring

Related Services

Fund Administration & Accounting
Recordkeeping and financial reporting that feeds into compliance filings.
Learn More about Fund Administration & Accounting →
Custody & Asset Safekeeping
Related licence-specific governance obligations for custodians.
Learn More about Custody & Asset Safekeeping →
Securities & Investment Dealer/Adviser Licensing & Management Services
Dealer and adviser licences with their own board and compliance conditions.
Learn More about Securities & Investment Dealer/Adviser Licensing & Management Services →

Keep Your Licence in Good Standing

Speak with our team about AML/CFT, board governance, and ongoing compliance support for your licensed entity.

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