Search Results for: Mauritius
Switzerland moves to end banking secrecy
December 5th, 2016
Today, the Federal Department of Finance (FDF) initiated the consultation on introducing the automatic exchange of information (AEOI) in tax matters with a series of other countries. The AEOI with these countries should enter into force on 1 January ...
Barclays again warns on investment bank results
April 6th, 2016
Trading update states profits from investment arm will not be as high as previous year as bank seeks permission to sell off African operations Profits in Barclays investment banking arm will not be as high as last year, the bank said, ...
FSC issues Public Notice – Revocation of the Licences of FX Primus Limited
March 30th, 2016
Revocation of the Investment Dealer (Currency Derivatives Segment) Licence, Investment Dealer (Full Service Dealer excluding Underwriting) Licence and Category 1 Global Business Licence of FX Primus Limited (‘FXP’) The Financial Services Commission, Mauritius (the “FSC Mauritius”) refers to the ...
The Common Reporting Standard: Automatic Information Exchange Goes Global
October 16th, 2015
Automatic exchange of information for tax law enforcement purposes started first in Europe with the EU Savings Tax Directive, went international with the US Foreign Accounts Tax Compliance Act, and, from 2017, will go global with the recently-agreed Common ...
SEC Charges Two Grant Thornton Firms With Violating Auditor Independence Rules
October 2nd, 2015
The Securities and Exchange Commission today charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations that occurred when two Grant Thornton Mauritius partners served on the boards of Mauritius-based subsidiaries of companies ...
Africa Mobile Money Market Worth $14.27 Billion by 2020
July 15th, 2015
According to a new market research report, “Africa Mobile Money Market by Transaction mode (NFC/Smart Cards, Direct Mobile Billing, Mobile Web/WAP Payments, SMS, STK/USSD, and others), by Nature of Payment, by Location, by Type of Purchase, and by Country ...
FSC: Suspension of the Management Licence of Belvedere Fiduciary Limited
June 3rd, 2015
FSC Mauritius – Notice is hereby given in accordance with Section 27(7) of the Financial Services Act 2007 (the “FSA”) that the Management Licence of Belvedere Fiduciary Limited (“BFL”), having its registered address at 7A, 7th Floor, Ebene Mews, ...
Top news of the day, May 29
May 29th, 2015
1. China’s campaign to turn the tightly controlled yuan into a global currency is crossing a new threshold, as the government plans to make it easier for individuals and companies to invest overseas. The latest initiative, expected to be ...
Financing IMF Transactions Quarterly Report
May 13th, 2015
IMF credit is extended to its members in both foreign exchange and SDRs. Credit extended in foreign exchange is financed from the quota resources made available to the IMF by members, and essentially involves a transfer of foreign exchange ...
FSC: Suspension of the Investment Dealer (Full Service Dealer Excluding Underwriting) Licence of BRAMER CAPITAL BROKERS LTD & Order to Cease Trading in Securities
May 11th, 2015
Notice is hereby given in accordance with Section 27 of the Financial Services Act 2007 (the ‘FSA’) that the Investment Dealer (Full Service Dealer Excluding Underwriting) Licence of BRAMER CAPITAL BROKERS LTD (‘BCBL’), having its registered address at 11th ...
