AML Policy

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Our Anti-Money Laundering and Combating the Financing of Terrorism (“AML/CFT”) Policy

Renesis Financial Services Ltd (“Renesis”) is committed to transparency and compliance with the laws and regulations that govern the Company’s various activities. We conduct business with the mindset of building stakeholders’ trust with compliance and high ethical standards.

This AML/CFT policy sets out our commitment for the deterrence and detection of money laundering and terrorist financing activities and for the adherence to a culture of integrity.

Compliance with acts and regulations:

Renesis abides by these main Mauritian legislations, legal provisions and guidelines:

  • The Financial Intelligence and Anti-Money Laundering Act 2002;
  • The Prevention of Terrorism Act 2002;
  • The Financial Services Act 2007;
  • The Convention for the Suppression of the Financing of Terrorism Act 2003;
  • The Prevention of Corruption Act 2002;
  • The Companies Act 2001;
  • The Trusts Act 2001; and
  • The FSC Code on the Prevention of Money Laundering and Terrorist Financing.

As part of the Renesis’ Compliance Framework, we have implemented a comprehensive risk management system and have put internal controls in place to mitigate the risk of the company being used to facilitate financial crime. These internal controls include but are not limited to the following:

  • Performing full Customer Due Diligence (CDD) check on all our clients prior to on-boarding and on an ongoing basis thereafter based on the risk assessment/risk profiling approach;
  • Documented internal systems;
  • Reporting of suspicious transactions;
  • Appointment of a Money Laundering Officer (“MLRO”) who has a sufficiently senior status, with the relevant qualification, competence and independence and who is responsible to discharge the reporting of suspicious transactions obligation effectively and autonomously;
  • Provision of on-going AML/CFT training and awareness to our personnel; and
  • Constant review of our policies and procedures with the aim to enhancing them in order to mitigate any AML/CFT and other related risks which may cause damage to the repute of Mauritius as an International Financial Centre in the light of new events, new laws and guidelines.

This policy will be reviewed annually or earlier if necessary or in the event of any changes in the law and/or any changes in our business practice.