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 |