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Accountancy

Pursuant to Part I of the First Schedule of The Financial Intelligence Anti Money Laundering Act 2002, the Mauritius Institute of Professional Accountant (MIPA)is the AML/CFT regulator for the accountancy sector and includes a Professional Accountant, a Public Accountant and a Member Firm under the Financial Reporting Act, who prepares for, or carries out, transactions for his client concerning the following activities:

  1. buying, selling or rental of real estate;
  2. managing of client money, securities or other assets;
  3. management of bank, savings or securities accounts;
  4. organisation of contributions for the creation, operation or management of legal persons such as a company, a foundation, a limited liability partnership or such other entity as may be prescribed;
  5. creating, operating or management of legal persons such as a company, a foundation, an association, a limited liability partnership or such other entity as may be prescribed, or legal arrangements, and buying and selling of business entities; 
  6. the business activities of virtual asset service providers and issuers of initial token offerings under the Virtual Asset and Initial Token Offering Services Act 2021; or
  7. any activity for a client as specified below:
  8. […] who prepares, or carries out, transactions for a client concerning the following activities

    • acting as a formation agent of a legal person with a view to assisting another person to incorporate, register or set up, as the case may be, a company, a foundation, a limited liability partnership or such other entity as may be prescribed;
    • acting, or causing another person to act, as a director, as a secretary, as a partner or in any other similar position, as the case may be, of a legal person such as a company, foundation, a limited liability partnership or such other entity as may be prescribed;
    • providing a registered office, a business address or an accommodation, a correspondence or an administrative address for a legal person such as a company, a foundation, a limited liability partnership or such other entity as may be prescribed; or
    • acting, or causing for another person to act, as a nominee shareholder for another person

AML/CFT Resources for the Accountancy sector