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�Compliance with Anti-Money Laundering Procedures by Banks – the case of Mauritius�

Dr. A. Beebeejaun

University of Mauritius

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  • Background and Objectives of the Research
    • The cost of money laundering: 2% and 5% of the world’s GDP, which represents $800bn to $2tn per year (Lazic, 2021)
    • Mauritius and whitelisting status
    • To assess compliance by banks with the anti-money laundering laws (AML) of Mauritius

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  • Research Methods
    • Desktop Approach and Content Analysis
    • Black Letter Approach
    • Survey – questionnaires

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    • Recommendations and Conclusions
    • It is expected to obtain positive results on establishment of internal control procedures, the practice of CDD verification, training of staff, commitment to policies and procedures issued by senior management, adherence to international laws and bank of Mauritius’ instructions.