On 23 June 2021, representatives of MBA’s member banks attended a webinar on Anti-money Laundering/Combatting the Financing of Terrorism (AML/CFT) Recognising and Filing Suspicious Transaction Reports (STRs), hosted by the Financial Services Institute (FSI). Mr. Mohamed Khan, Chief Executive Officer of the FSI covered the legal and practical aspects, the misapprehension surrounding tipping off, the potential liability when dealing with clients after filing Suspicious Activity Reports (SARs) or STRs and the potential downsides of too many defensive SARs/STRs during the session. Members of the MBA have also attended the 3rd Africa FinTech Festival edition themed ‘FinTech, Sustainability and Innovation – The power trio to fast-forward Africa’s growth. This one-day virtual event was organised by the Mauritius Africa FinTech Hub in collaboration with the Africa FinTech Network on 17 June 2021.
