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AML/CFT Compliance for SMEs & GBCs in Mauritius (FIAMLA 2025)

The Financial Intelligence and Anti-Money Laundering Act (FIAMLA) applies to more than banks. Here's what SMEs, DNFBPs and GBCs must do.

Anexa Biz Aug 8, 2025 14 min read
Compliance officer reviewing AML CFT documents under the FIAMLA regime in Mauritius

Who is caught by FIAMLA?

  • Banks and financial institutions.
  • GBCs and Management Companies.
  • Designated Non-Financial Businesses and Professions (DNFBPs): real-estate agents, notaries, jewellers, dealers in precious metals, casinos.
  • Accountants and tax advisers.

Core AML programme

  • Written AML/CFT policy approved by the board.
  • Money Laundering Reporting Officer (MLRO) appointed and notified to the FIU.
  • Risk-based customer due diligence at onboarding and on trigger events.
  • Sanctions screening against UN, OFAC, EU and Mauritian lists.
  • Suspicious Transaction Reports filed with the FIU without tipping off.
  • Ongoing staff training and independent audit.

Frequently asked questions

Q. Do accountants need to file STRs?

Yes. Accountants who prepare or carry out transactions for clients (buying/selling property, managing money) are reporting persons under FIAMLA.

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