Describe the main stages of money laundering, Business Law and Ethics

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QUESTION 1

(a) Describe the main stages of money laundering?

(b) Is the current Mauritian Banking Act strong enough to protect depositors and maintain financial stability given the current international economic environment?

QUESTION 2

(a) What are the major functions and powers of the Financial Services Commission (FSC) as laid down in the Financial Services Act 2007?

(b) The Borrower Protection Act 2007 was enacted with an aim to regulate credit agreements for a sum not exceeding two million rupees and to provide for the establishment of the Office of the Commissioner for the Protection of Borrower. Discuss

QUESTION 3

An internal rating system incorporates supplementary customer information which is usually out of the reach of an external credit assessment institution. Discuss.


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