Bank Holiday in USA and UK on Monday 27 May 2024
Kindly note that Monday 27 May 2024 will be a Bank holiday in the USA and United Kingdom.
Hence, No payments in USD and GBP can be effected for value date 27 May 2024.
For any additional information, do not hesitate to contact your Relationship Manager or our Client Services Team.
Monday to Friday from 9am to 5pm
Tel: +(230) 402 52 00
E-mail: clientservices@standardbank.mu
Guideline for Regulatory Sandbox Authorisation
In its pursuit to promote Fintech initiatives in a regulatory environment and in order to protect consumers, the Bank of Mauritius has issued a guideline for regulatory sandbox authorization for financial institution to experiment with fintech, regtech or other innovation driven financial services falling under the supervisory purview of the Bank. The guideline can be accessed on: www.bom.mu/sites/default/files/pdf/Guideline/GuidelineforRegulatorySandboxAuthorisation.pdf
FSC communique – Fake documents
The Financial Services Commission, Mauritius (the “FSC”) has become aware of fraudulent correspondences, allegedly having been issued by the FSC and signed by its former Chief Executive Mr Dhanesswurnath Thakoor. The correspondences are purporting to assist the recipients in the recovery of their investments and requiring them to provide their personal details and banking information. The communique has been attached for your reference.
FSC communique - Scam through WhatsApp
It has come to the attention of the Financial Services Commission, Mauritius (“FSC”) that the public in Mauritius is being solicited through a WhatsApp group to invest into a scheme called “Defi Mining”. The modus operandi of this scheme appears similar to a ponzi scheme, promising abnormally higher returns than any legitimate activity, within a short period of time, with a view to lure its investors. The FSC hereby urges the public to exercise caution when responding to such types of solicitation or invitation since there may be underlying scams aimed to defraud the respondents. The FSC wishes to highlight that such schemes are neither licensed nor regulated by the FSC. The communique has been attached.
Addition of Three Entries to the Al-Shabaab Sanctions List
Please find attached public notice issued by the National Sanctions Secretariat in relation to the addition of three entries to the Al-Shabaab Sanctions List.