Compliance monitoring

Compliance monitoring provides essential quality assurance over your regulated activities. In Mauritius, there is no single prescribed approach, but a compliance monitoring programme (CMP) must be proportionate to the size, complexity, and risk profile of your business, and it should be informed by a robust business-wide risk assessment.

When executed well, a CMP can identify weaknesses in controls, demonstrate compliance when challenged, and offer senior management peace of mind. However, poorly designed programmes can quickly become outdated, ineffective, or reduced to a 'tick-box' exercise.

Developing effective compliance monitoring programmes

From building compliance frameworks to conducting health checks, our expertise and knowledge of what the FSC expects to see ensures your programme delivers real value and remains aligned with regulatory expectations.

Whether you need to build a compliance monitoring framework from scratch or refine an existing one, we can help with:

• Designing a user-friendly that everyone understands.
• Incorporating local regulatory requirements, such as those outlined under the Financial Services Act and AML/CFT regulations.
• Ensuring the CMP is practical, scalable, and aligned to your business operations.

Ongoing compliance monitoring

Once the framework is in place, we can support its implementation through regular monitoring. We provide support to:

• Conduct periodic checks to ensure your firm is meeting regulatory obligations.
• Updates to reflect regulatory changes, ensuring your CMP stays relevant and effective.
• Identify potential compliance issues and risks, helping to mitigate proactively.

Health checks and assurance reviews

Our compliance health checks are comprehensive reviews designed to assure boards and senior management that compliance obligations are being met. These reviews include:

• Scoping the assessment to address specific regulatory requirements or business risks.
• Detailed reviews of documentation, processes, and controls.
• Conducting interviews with key staff to identify gaps and areas for improvement