Individual Law Practitioners

Pursuant to the First Schedule of the Financial Intelligence and Anti-Money Laundering Act 2002, the FIU has been designated as the AML/CFT Regulator for Individual Law Practitioners (ILP) such as Barristers, Attorneys and Notaries. Recommendation 22 of the FATF acknowledges the role that such gatekeepers can play by recommending that such individuals have AML/CFT responsibilities when engaged in certain activities. In Mauritius, Legal professionals are involved in the vast majority of transactions and are therefore called to act with integrity and uphold the law in the fight against money laundering and terrorism financing. In relation to prescribed activities set out under the FIAMLA, AML/CFT obligations are applicable for an ILP who prepares for, or carries out, transactions for his client concerning the following activities – […] who prepares, or carries out, transactions for a client concerning the following activities As the AML/CFT regulator for the individual law practitioners, the FIU is mandated to ensure compliance by such legal professionals with the FIAMLA, the UN Sanctions Act, and any regulations and guidelines issued under these Acts. The FIU is empowered to: