Act 2004
Banking Act 2004
Issued by Bank of Mauritius
Effective: 10 Nov 2004
Last amended: 13 Aug 2026
Plain-English summary
Banking Act 2004 is the enabling law for the regulation and structural supervision of the banking sector in Mauritius. Enforced independently of any other body by the Bank of Mauritius, the Act establishes mandatory licensing processes, capital reserve requirements, and corporate governance responsibilities for commercial and online banks to comply with. With the establishment of an elaborate anti-money laundering framework and on-site inspection procedures within the Act itself, it ensures the protection of deposits, addresses liquidity issues, and upholds the legal soundness of the Mauritian financial system.
Who it applies to
Banking
Topics
Prudential & Capital
Latest news
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