A distinguished panel of industry leaders will gather on Thursday, June 27th, 2024, at 4:30 pm for a thought-provoking discussion on the evolving regulatory landscape in Mauritius and the impact on Anti-Money Laundering (AML) compliance. Hosted at the Royal Green Wellness Resort, this exclusive event offers financial professionals a unique opportunity to gain valuable insights from experts and engage in productive networking.
The panel comprises prominent figures including Priscilla Balgobin-Bhoyrul (Dentons), Shamima Mallam-Hassam (Trident Trust), Ameer Caunhye (Axis Fiduciary Ltd), Ammar Oozeer (BLC Robert & Associates), Shahannah Abdoolakhan (Abler), and Maciej Waloszyk (Cascade). These esteemed individuals will share their perspectives on recent developments in Mauritian AML regulations and explore strategies for ensuring robust compliance.
The discussion will delve into critical areas, including:
- Recent shifts in the Mauritian AML regulatory framework
- Effective strategies for navigating complex compliance requirements
- How innovative AML technology can streamline processes, enhance efficiency, and empower institutions in the fight against financial crime.
Maciej Waloszyk, Founder and Managing Director of Cascade, explains Cascade’s decision to host the event in Mauritius, stating, “Cascade already serves clients in Mauritius, and we come here regularly to meet our partners and clients. We thought that organising an event with participation of the key stakeholders, aiming to openly discuss regulatory aspects, challenges, the usual industry pain points and of course demonstrating how our technology can help address them. The added value we bring should make it interesting for everyone who attends. From a business perspective we see an opportunity here to become a ‘go-to solution’ for AML related needs in terms of technology, as our offering matches the types and sizes of firms which are present here.”
Maciej further elaborates on his perception of the Mauritius financial industry, saying, “Very positive and we see some similarities with our home country Luxembourg. We see an ambition of Mauritius to be a local leader in financial services, we see the dynamism and entrepreneurship of firms whose intention is to grow the business. We see talents who are educated and eager to learn more and grow their careers in the Mauritian market. More importantly, we see a strong determination from firms here to automate & digitalise their processes. Lastly and that’s what matters most to us at Cascade, we have certainly noticed a very serious and mature approach to Anti Money Laundering – just like we have in Luxembourg.”
Shahannah Abdoolakhan, Founder and CEO of Abler Group, emphasises the importance of AML/CFT measures, stating, “AML/CFT safeguards the integrity of our financial system, attracts legitimate businesses, and fosters economic growth. By adhering to AML/CFT measures, we demonstrate our commitment to global financial security, enhancing Mauritius’s reputation as a trustworthy and compliant financial center. This focus is key to our sustainable development and prosperity.”
The event presents a compelling platform for financial professionals in Mauritius to:
- Gain firsthand insights from leading AML experts on the evolving regulatory environment.
- Learn practical strategies for navigating the complexities of AML compliance.
- Discover how cutting-edge technology can address the challenges of meeting AML obligations.
- Network with industry peers and build valuable connections within the Mauritian financial sector.
- Stay informed about the latest trends and developments in AML compliance.
The event promises to be an enriching experience for all participants, fostering a deeper understanding of the AML landscape and its impact on financial institutions.
About Cascade
Recognized for its excellence, Cascade is an award-winning platform used worldwide. Cascade applies an integrated approach to the lifecycle of the client, fund or company from onboarding, through ongoing monitoring.
Cascade’s mission is to help companies linked to the Financial Sector avoid the overuse of excel spreadsheets and external name screening tools in the AML/KYC process, by digitalising client-related data and, most importantly, ensuring regulatory protection, thanks to a well-designed and complete AML/KYC and Compliance framework.
