Financial Services Commission – Mauritius
The Financial Services Commission (FSC) is the regulatory body responsible for the non-bank financial services sector and global business in Mauritius. Established in 2001, the FSC operates under several acts, including the Financial Services Act, the Insurance Act, the Securities Act, and others. Its mission is to regulate, supervise, and develop the non-bank financial services sector, ensuring its stability, integrity, and efficiency.
The FSC focuses on enhancing its regulatory frameworks to align with international standards and best practices. This includes efforts to combat money laundering and the financing of terrorism through rigorous anti-money laundering (AML) and combating the financing of terrorism (CFT) measures. The FSC also encourages the adoption of fintech innovations and digital assets within its regulatory scope.
The FSC has implemented several initiatives to reinforce its supervisory framework. This includes the publication of the Virtual Assets and Virtual Asset Service Providers Risk Assessment Report and guidelines on implementing targeted financial sanctions. The FSC has also established the FSC Single Window to streamline regulatory processes and improve service delivery.
At AlertoPedia, we rate companies based on several key factors including regulatory status, website status, geographical licensing, and historical data concerning any warnings or sanctions from financial authorities, reflecting the company's trustworthiness.
Regulatory Influence
The licensing status of a company plays a significant role in our review process. Companies regulated by reputable authorities typically receive a more favorable rating, reflecting their adherence to stringent financial standards and consumer protection laws.
Ongoing Monitoring
Ratings are initially established based on the most current data available and are subject to change based on new information or regulatory actions. We continuously monitor regulatory actions and company behavior to ensure our ratings remain current and accurate.