GUIDELINE ON ANTI-MONEY LAUNDERING AND …

BANK OF MAURITIUS GUIDELINE ON ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM AND proliferation January 2020 I Table of Content Chapter 1 Introduction Chapter 2 Authority, purpose, scope of application and status of the GUIDELINE Chapter 3 Overview of the legislative framework Chapter 4 Risk-based approach Chapter 5 Internal Controls, policies and procedures Chapter 6 Customer due diligence / Identification Procedures Chapter 7 Ongoing monitoring Chapter 8 Terrorist financing, financial sanctions and proliferation financing Chapter 9 Reporting of Suspicious transactions Chapter 10 Record-keeping Chapter 11 Staff training 2 1. INTRODUCTION The ability to launder the proceeds of criminal activity through the financial system is a key element to the success of criminal operations. The unchecked use of the financial systems for this purpose has the potential to undermine individual financial institutions and, ultimately, the entire financial sector.

proliferation financing. 1 The FATF defines proliferation of weapons of mass destruction (WMD) as the transfer and export of nuclear, chemical or biological weapons, their means of delivery and related materials. 2 Proliferation financing is the act of providing funds or financial services which are used, in whole or in part, for the

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  Weapons, Mass, Proliferation, Proliferation of weapons of mass

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