Mauritius

Public Censure - Finsburey Management Services Ltd

The FSC Mauritius Enforcement Committee issued a public censure to Finsburey Management Services Ltd (FMSL) on 25 August 2023 for multiple violations of the Financial Services Act and Code of Business Conduct. FMSL failed to implement adequate email security controls, resulting in unauthorized transfer of client funds causing significant losses. The company also failed to exercise due skill, care, and diligence and lacked requisite IT-related internal controls. FMSL's review application was withdrawn on 2 June 2025, making the censure effective from that date.

Revocation of Authorisation - Yuragi Limited

The Financial Services Commission Mauritius (FSC) has revoked the authorisation of Yuragi Limited (Authorisation No. AU24201449) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution and discharge its liabilities in accordance with the Insolvency Act. This enforcement action reflects the FSC's ongoing supervision of authorised entities operating in Mauritius.

Revocation of Yukai Limited Authorisation

The Financial Services Commission Mauritius has revoked the authorisation of Yukai Limited (AU24201457) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution proceedings and discharge its liabilities in accordance with the Insolvency Act. This enforcement action affects Yukai Limited's ability to conduct regulated financial services activities in Mauritius.

Tunasan Shipping Authorization Revoked

The Financial Services Commission, Mauritius revoked the authorization of Tunasan Shipping Incorporated (Authorisation No. AU24201181) pursuant to section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution of its business and discharge of liabilities in accordance with the Insolvency Act.

Revocation of Tukay Shipping Incorporated Financial Services Authorization

The Financial Services Commission, Mauritius revoked the authorization of Tukay Shipping Incorporated (Authorization No. AU24201179) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution proceedings and discharge liabilities per the Insolvency Act.

Toila Shipping Limited Authorisation Revoked

The Financial Services Commission, Mauritius (FSC Mauritius) has revoked the authorisation of Toila Shipping Limited (Authorisation No. AU24201819) pursuant to section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution of its business and discharge its liabilities in accordance with the Insolvency Act.