Rules

Rules

All transactions are carried out with utmost due diligence to ascertain safe transactions. Clients are subjected to Know Your Customer Processes and should adhere to the Rules as imposed by the Bank of Mauritius, the Regulator. The following documents would need to be produced based on the nature of customer and amount of transaction:

Money Transfer Transactions

INBOUND TRANSACTIONS FOR RESIDENTS (Permanent & Temporary resident- Expats)

Transaction Threshold Documents
For ALL transactions Acceptable ID/Passport
< MUR 100,000 Proof of Address (Not Mandatory for 1st Time Customer)
≥ MUR 100,000 Proof of Address (Mandatory)
INBOUND TRANSACTIONS FOR NON-RESIDENTS (Tourists)

Transaction Threshold Documents
For ALL transactions < MUR 100,000 Acceptable & Valid ID/ Passport
For ALL transactions ≥ MUR 100,000 Proof of Address (Address in Mauritius to be recorded)
OUTBOUND TRANSACTIONS FOR RESIDENTS (Permanent & Temporary residents – Expats)

Transaction Threshold Documents
For ALL transactions Acceptable ID/Passport
≤ MUR 100,000 Proof of Address (Not Mandatory for 1st Time Customer) Source of Funds in case of repeated transactions For expats, Work Permit or Payslip is mandatory
≥ MUR 100,000 Proof of Address Source of Fund in case of repeated Transactions
OUTBOUND TRANSACTIONS FOR NON-RESIDENTS (Tourists)

Transaction Threshold Documents
Principal Amount ≤ MUR 100,000 Acceptable ID/Passport Proof of Address (Not mandatory for first-time customers)
Principal Amount > MUR 100,000 Acceptable ID/Passport Proof of Address Source of funds in case of repeated transactions

Money Changer Transactions

FOR RESIDENTS (Permanent & Temporary residents – Expats & Tourists)

Transaction Threshold Documents
For ALL transactions Acceptable ID/Passport
≥ MUR 200,000 Proof of Address Mandatory in case one has repeatedly done Money Changer Transaction above Rs. 200,000 For Expat or Tourist, the address where they are staying needs to be recorded.
≥ MUR 350,000 Proof of Address and Source of Fund in case one has repeatedly done Money Changer Transaction above Rs. 350,000
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