Communiqué on the FinCEN Files

The Mauritius Bankers Association Limited (MBA) has taken cognizance of the recent releasein the media.Banks cannot comment on suspicious transaction reporting, forlegal reasons.The international system to combat financial crime relies onbanks to monitor transactions and,if then required, file on a confidential basis Suspicious Transactions Reports(STRs) to the authorities. The authorities are then responsible for investigating the reports submitted by the banks, and following up as requiredby the law. Mauritius banks regularly file STRs and continue to make good progress in thefight against financial crime, with the close collaboration of our regulatory bodies.