AML Policy
Equivest (Mauritius) Limited is committed to maintaining the highest standards of compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations, in line with the legal requirements of Mauritius and international best practices. To help prevent the misuse of financial services, we implement robust client verification procedures and ongoing monitoring measures.
Money laundering is the process of disguising the origin of illegally obtained funds by making them appear to come from legitimate sources. This includes, but is not limited to, proceeds from fraud, corruption, terrorism financing, or other criminal activities. Equivest (Mauritius) Limited does not accept or make cash payments under any circumstances. The company reserves the right to suspend or terminate any client activity that appears to be unlawful or connected to suspected money laundering.
To comply with AML regulations, Equivest (Mauritius) Limited requires all clients to complete a verification process before using our services. This includes providing satisfactory documentation to confirm identity and, where applicable, the source of funds.
For individual clients, the following documents are required:
• A valid government-issued photo ID (such as a passport, national ID card, or driver’s license)
• A recent document proving residential address (such as a utility bill or bank statement issued within the last three months)
• Source of funds documentation (such as a payslip, bank statement, or other financial record), where applicable
If documents are in a non-Latin script, a certified English translation may be requested to avoid delays in verification.
For corporate clients, depending on the company’s structure and jurisdiction, the following documents may be required:
• Certificate of Incorporation
• Memorandum and Articles of Association
• Proof of registered business address
• Resolution authorizing account opening and designated signatories
• Identification and proof of address of directors and beneficial owners
• Source of funds or source of wealth documentation, if required
Additional documentation may be requested where enhanced due diligence is necessary.
Equivest (Mauritius) Limited continuously monitors client activity to detect and prevent suspicious or unusual transactions. Any transaction inconsistent with a client’s profile or expected behavior may be flagged for review. Monitoring is conducted through a combination of automated and manual processes to ensure thorough oversight.
Records of client identification data, transaction history, and any supporting documentation related to AML compliance are maintained for a minimum of seven years following account closure, in accordance with applicable laws.
To comply with AML and CTF regulations, Equivest (Mauritius) Limited does not accept deposits or make withdrawals to or from third parties. All transactions must be made using accounts or payment methods registered in the same name as the client’s account. Initial withdrawals may require verification through a bank statement showing account ownership and matching details.
Equivest (Mauritius) Limited reserves the right to request additional documentation at any time, to suspend or terminate accounts that appear suspicious or non-compliant, and to report any suspicious activity to the relevant regulatory or law enforcement authorities in accordance with Mauritian law.
By using our services, clients agree to cooperate fully with our KYC and AML procedures. Failure to comply may result in the restriction or termination of access to our platform.