Legal | Risk | Compliance

CORPORATE RECOVERY AND INSOLVENCY PRACTICE

HLB Mauritius provides expert advice in Corporate Recovery irrespective of the critical point which your business has reached in its life cycle.

Our Corporate Recovery Solutions includes:

• Business Diagnosis
• Organisational Audits
• Business Process Re-engineering consultancy
• Design re-structuring plans

HLB Mauritius runs a full-fledged insolvency practice department with an Insolvency Expert Team. We are involved in various insolvency assignments and handle all types of insolvency situation including the following:

• Voluntary winding up
• Receivership & Management
• Administration
• Cross border insolvency
• Creditors Voluntary winding up.
• Shareholder’s Voluntary Winding-up
• Netting arrangement in financial contract

Clients who use our services include Corporates, Global businesses, Insurance companies, Real Estate, Banks, Regulatory Bodies such as the Bank of Mauritius, the Financial Services Commission, etc.

AML/CFT COMPLIANCE CONSULTANCY SERVICES

HLB RCC provides outsourced Compliance Consultancy Services to financial institutions and Designated Non-financial Business professionals (DNFBPs) and makes sure that you have strong controls and system in place as per the local requirements.

Non-compliance with the regulatory requirements can result in legal sanctions, prosecution, failed business strategies and damage to a firm’s reputation.

With our global network, we can help you to address your compliance issues, whilst allowing you to concentrate on your business goals and objectives.

The following is a non-exhaustive list of compliance consultancy services that our AML/CFT specialists offer:

• MLRO/DMLRO And Compliance Officers Services on an Outsourced Basis

We provide MLRO/DMLRO and Compliance officers on an outsource basis. The officers shall be the primary contact for request from competent authorities regarding AML/CFT.

We also provide written reports to your board on an bi-annual/yearly basis in relation to the effectiveness of the AML/CFT framework in place.

• Independent AML/CFT Audit

Our AML/CFT Experts Team can conduct an Independent AML/CFT Audit of your existing compliance framework in place. We shall perform a gap analysis in the existing compliance policies and procedures and provide you with the appropriate recommendations with international standards, remedial actions and implementation deadlines.

•  Your Business Risk Assessment

Section 17 of the FIAMLA  2002 requires financial institutions to locate, analyze and understand its ML/TF risks through a Business risk Assessment. Our AML/CFT consultants with proven expertise can carry out your business risk assessment to determine the inherent and residual risk.

• Compliance support and ongoing monitoring services

Even if you have a compliance program in place, we can act as an independent compliance monitor to ensure that you are not missing out on anything. This can include:

• Compliance file review
• Client Risk assessment and profiling
• Ensures internal compliance policies and procedures.
• Customer Screening Services

We have compliance software to conduct world checks, independent checks, and sanction screening of your clients on a regular basis.

• Client onboarding and acceptance services

We offer consultancy services to ensure that your business enterprise is in compliance. This includes:

• Carry out and conduct all forms of due diligence exercise on individuals and Corporates.
• Verify customer identity and enhance the transparency and availability of beneficial ownership and information on legal persons.
• Identification of the source of fund/wealth.
• Enforce and enhance due diligence in case of high-risk clients.
• Designing of your policies, procedures and controls

We can design and implement an independent, effective and efficient compliance system within your organization. We can also set up your internal and external reporting procedures.

• Staff Training

Our registered Trainers offer high-level training in AML/CFT for employees of different levels of the organization. Our training programs are delivered incorporate groups or ‘behind doors’ to meet specific needs and requirements.

EXPATRIATE SERVICES AND INVESTMENT ADVISORY

HLB Mauritius offers services to foreigners who wish to work and live in Mauritius.

• Occupation Permits or Residence Permits

It is a permit that allows a foreigner to live and work in Mauritius under the following categories subject to terms and conditions as defined by law:

• Investors
• Professionals
• Self-employed and
• Retired

• Permanent Residence Permit

A Permanent Residence Permit is a permit that allows a foreigner to work and/or live in Mauritius for a period of 20 years, renewable

• Premium Travel Visa

A Premium Travel Visa is a visa that allows foreigners to spend long stays in Mauritius for a period of one year, renewable.

• Student Visa and Residence Permit for foreign students

A Student Visa is a permit that allows a foreigner to stay in Mauritius to obtain tertiary education or technical & vocational education or to follow a practical training course that forms part of higher studies.

• Acquiring Mauritian Citizenship

It allows a foreigner to acquire Mauritian citizenship subject to terms and conditions as defined by law.

DATA PROTECTION SUPPORT SERVICES

The signal is clear: Privacy is no longer a comfort today but a necessity. Although the right to privacy is not absolute, it is nevertheless a fundamental right for each and everyone.

In order to reinforce the control and personal autonomy of data subjects over their personal data, the Data Protection Office has imposed several obligations as set out in the Data Protection Act on all of its data controllers and processors.

At HLB Mauritius, we have a dedicated team of experts ready to assist you in making your company compliant with the Data Protection Act while guiding you through these various steps:

• Independent Data Protection audit One-off Basis)

1. Setting up of a Data Protection Framework
2. Reviewing of existing framework
3. Gap Analysis
4. Report Writing
5. Recommendations

• Outsourcing of Data Protection Officer (Minimum contract of 2 years)

1. On-going Monitoring of Data Protection framework
2. Monitor Compliance with Data Protection laws
3. First point of contact Vis-à-vis the Data Protection Office

• Training of Employees with regards to Data Protection
  Provide ongoing training for employees of different levels of the organization which covers all aspect of Data Protection and relevant laws and guidelines