Yavisth Sunth

Legal

• Review of agreements / constitutive documents;
• Drafting of agreements;
• Legal research;
• Legal advice and opinion;
• Legal and regulatory queries;
• Liaison with regulators and authorities (FSC, MRA, Registrar, FIU);
• Application of licenses;
• Corporate Governance reports;

Compliance

• AML Independent Audit;
• Compliance Reports;
• Transaction Monitoring (real-time and post-event);
• File Review / Ongoing Monitoring / Internal compliance review;
• KYC / CDD analysis, identification and verification;
• Policies, Procedures and Internal Controls (development, drafting and implementation);
• Handling AML regulatory inspections (on-site and off-site);
• Business Risk Assessment;
• Customer Risk Assessment;
• Targeted Financial Sanctions (screening and reporting);
• Ascertaining / discounting adverse hits - Independent media check, WorldCheck Refinitive, OFAC, UNSCCL, ICIJ Offshore Leaks;
• Maintenance of records and databases relating to all aspects of the organization's compliance program.

Legal

• Carrying out thorough legal research on matters requested;
• Drafting and reviewing of legal documents, agreements and contracts;
• Conducting general or customised trainings on new laws and regulations;
• Drafting and updating of Operations Manuals, Compliance and AML policies and procedures, regulatory returns and compliance reviews of company literatures;
• Drafting of internal policies, processes and procedures;
• Preparation of legal correspondences;
• Assisting for any legal procedures (including representing Juristax and its entities in Court and liaising with attorneys and clients, as applicable;
• Assisting in any negotiation or arbitration proceedings as may be requested from time to time;
• Case preparation.

Compliance

• Carrying out compliance review of client files housed under the Juris Tax group of companies including ensuring compliance with statutory filing requirements to Registrar of Companies and Financial Services Commission paying fees, tax return, VAT return, and other;
• Making compliance and due diligence reports;
• Ensuring a regular compliance follow up on files and effective implementation of reviews;
• Overseeing clients' compliance and reporting to the Head of Compliance;
• Checking completeness of due diligence documents of clients;
• Helping in the take on of new clients and assisting in the client acceptance procedures (On-boarding);
• Helping management in reviewing the compliance policy, procedures and internal controls (as and when required);
• Liaising with the regulatory bodies (including Mauritius Financial Services Commission);
• Assisting in the pre-visit preparation and onsite visit of regulators;
• Engaging actively in adoption and implementation of KYC principles and the anti-money laundering and combatting terrorism financing measures, laws and guidelines;
• Conducting training sessions for educating and advising staff and senior management on compliance issues, coordinating personnel training requirements, identifying business risks and keeping up to date with changes to AML and Compliance regulatory requirements;
• Updating compliance library/records on an ongoing basis.

Under the Service to Mauritius Programme I had been attached to the Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) Unit of the Attorney General's Office of the Republic of Mauritius since assuming duty in October 2020. Throughout my tenure I worked in a team of AML/CFT officers and inspectors under the supervision of the Solicitor General.

Main roles as AML/CFT Inspector:-

• Drafting Compliance Letters and Inspection Reports and Findings;
• Effecting enforcement actions and sanctions;
• Ensuring KYC and Due Diligence compliance by licensees regarding clients' on-boarding, transactions and monitoring relating to the nature of their business;
• Conducting On-site inspections and Off-site monitoring on Law Firms/ licensees;
• Liaising with licensees with a view to supervise AML/CFT compliance;
• Assisting in replying to complex correspondences relating to the Law Firm and AML/CFT Unit;
• Assisting in organising trainings, outreaches and workshops;
• Assisting in filing STRs and Ultimate Beneficial Owners Platform; Undertaking research work regarding laws and regulations relating to Law Practitioners Act and AML/CFT matters;
• Assisting in creating supervision files for Law firms;
• Assisting in record keeping and updating database for AML/CFT.

As part of my role, I have had the opportunity to attend various trainings regarding AML/CFT, STR Reporting, Beneficial Ownership, Virtual Asset and Initial Token Offering Act 2021 and TFS, including trainings organised by FATF and ESAAMLG.