Banking & Finance Law
Mauritius’s banking sector operates within a tightly regulated framework, shaped by legislation and regulatory oversight. We advise financial institutions, businesses, and individuals on structuring transactions, ensuring compliance, and resolving regulatory issues with precision. From loan agreements to enforcement, we provide the legal clarity needed to navigate a complex financial environment confidently.
Key Legal Framework in Mauritius:
- • Bank of Mauritius Act 2004 – establishes the Bank of Mauritius as the central bank, setting out its powers and functions.
- • Banking Act 2004 – provides the framework for licensing, regulating, and supervising banks and financial institutions.
- • Mauritius Deposit Insurance Scheme Act 2019 – protects depositors with compensation up to Rs. 300,000 per depositor.
- • AML/CFT Regulations – the Bank of Mauritius supervises compliance with laws including the FIAMLA, Prevention of Terrorism Act, and related UN sanctions regulations.
Key Services:
- • Loan documentation and security instruments
- • Regulatory compliance for financial institutions
- • Due diligence and legal risk review
- • Drafting and negotiation of financing agreements
- • Recovery and enforcement of secured lending