At Bahati, we understand that regulatory compliance and effective risk management are critical for maintaining the integrity of your business. In today’s ever-changing global regulatory environment, staying compliant with local and international laws is not just a legal requirement—it’s a strategic advantage.
Our comprehensive compliance solutions are designed to help you navigate the complexities of local and international regulations, ensuring that your business remains fully compliant with all relevant laws.
Key Compliance Areas1. Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT)
We ensure that your business adheres to all Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) laws and guidelines. Our dedicated team implements rigorous internal controls to prevent illicit activities and safeguard your reputation.
- Risk Assessments: Comprehensive assessments of AML/CFT risks based on your industry, market, and clients.
- KYC (Know Your Customer): Implementation of KYC procedures to verify customer identities and ensure compliance with AML requirements.
- Transaction Monitoring: Continuous monitoring of transactions to detect and report suspicious activities.
- Reporting: Automated reports to regulators when necessary, ensuring full compliance with all legal obligations.
With increasing global scrutiny on data privacy, protecting your clients’ and stakeholders’ personal data is crucial. Our services are fully compliant with the General Data Protection Regulation (GDPR) and the Mauritius Data Protection Act 2017.
- Data Mapping & Risk Assessment: Identify where personal data is stored and assess risks associated with data breaches.
- Data Processing Agreements: Ensure that third-party data processors comply with GDPR standards.
- Right to Access and Erasure: Enable clients to exercise their rights to access, modify, or delete their personal data.
- Data Breach Response: Swift action plans in case of a data breach, ensuring compliance with mandatory notification deadlines.
Businesses operating in Mauritius must comply with international tax reporting standards such as FATCA (Foreign Account Tax Compliance Act) and the Common Reporting Standard (CRS). Bahati provides end-to-end support to ensure that your company meets these tax transparency obligations.
- FATCA Registration & Reporting: Assistance with FATCA registration, reporting, and due diligence requirements to avoid penalties.
- CRS Implementation: Ensuring full compliance with CRS by identifying reportable accounts, gathering required documentation, and submitting reports to the relevant tax authorities.
- Annual Compliance Audits: Regular reviews to ensure ongoing adherence to FATCA and CRS requirements.
Maintaining sound corporate governance is critical to ensuring long-term success. Bahati provides comprehensive corporate secretarial services to ensure that your company adheres to all governance regulations and best practices.
- Board Meetings & Resolutions: Organize and manage board meetings, ensuring all resolutions and decisions are properly documented.
- Corporate Filings: Handle all regulatory filings with the Financial Services Commission (FSC), including annual returns, tax filings, and changes in directorship.
- Company Secretarial Services: Comprehensive company secretarial services to ensure compliance with the Companies Act 2001 and any other relevant regulations.
- Regulatory Updates: Stay informed of the latest regulatory changes affecting your industry, and receive strategic advice on how to adapt.
Our team conducts thorough internal audits and risk assessments to identify areas of vulnerability and recommend improvements to safeguard your business operations.
- Internal Controls Review: Assess the effectiveness of your internal controls and suggest improvements.
- Operational Risk Management: Help manage risks related to operational failures, financial mismanagement, or regulatory breaches.
- Tailored Risk Strategies: Develop risk mitigation strategies tailored to your business and industry.
In today’s unpredictable business landscape, having a solid business continuity plan is crucial. Bahati helps you develop and implement disaster recovery and business continuity plans to protect your operations in case of unexpected disruptions.
- Business Continuity Planning (BCP): Develop strategies to keep your business running smoothly during unforeseen events.
- Disaster Recovery Plans: Design recovery plans that allow you to quickly recover critical business functions after disruptions.
- Crisis Management Support: Assistance in managing crises, from cybersecurity threats to natural disasters, ensuring minimal disruption to operations.
- Experienced Team: Our team of experts stays up-to-date on all regulatory changes, ensuring that your business is always compliant.
- Advanced Technology: Our compliance solutions are powered by state-of-the-art technology, allowing for real-time monitoring and reporting.
- Custom Solutions: We tailor our compliance and risk management services to fit your specific business needs, whether you're managing a fund or running a GBC.