LEGAL SUPPORT

In the present-day global business environment, conducting business in Africa and beyond can be a challenging undertaking due to the numerous requirements and regulations that both regulated businesses and jurisdictions must comply with. The legality and transparency of a company's operations, as well as the availability of appropriate documentation, permits, and licenses, are of great importance.

Moreover, in order to maintain a culture of compliance within the sector and the organization, regulated businesses operating under the Mwali jurisdiction must ensure that their staff members are adequately trained and that proper procedures are in place to identify and mitigate the risks associated with money laundering, financial crime, terrorist financing, and gaming addiction that are ever-present in our daily work.

Our Legal Support division takes pride in the fact that neither our island nor the Union of the Comoros has ever been included on any blacklists issued by the OECD or the European Union. We attribute this success to our proactive approach and our strong anti-money laundering culture within the financial services sector.

Our Legal Support division upholds international best practices and has actively participated in important events such as the Pan-African Network Conference on Fighting Illicit Financial Flows in Africa , and the peer review process for the International Monetary Fund's “DETAILED ASSESSMENT REPORT ON ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM.” Our division has successfully implemented most of the recommendations outlined in the US government's 2009-2017 Money Laundering and Financial Crimes Assessment of the Union of the Comoros. We regularly circulate the United Nations 1267 Sanctions Committee's consolidated list to all licensed entities to ensure compliance. While domestic political instability in the Comoros Union has led to patchwork regulation and lack of communication in the past, recent years have seen significant improvements to address these issues, much to the relief of law enforcement and compliance personnel.At M.I.S.A., we maintain excellent relationships with law enforcement agencies around the world. Should you need to contact us, please do so via alu@mwaliregestrar.com

LEGAL GUIDANCE FOR REGULATED ENTITIES

As a regulated entity operating in the field of finance and assets, it is imperative that your company maintains compliance with all applicable regulations and internal procedures at all times. To this end, M.I.S.A. has established a specialized legal compliance department, referred to as the "Anti Laundering Unit" or "Financial Intelligence Unit," which conducts regular inspections and audits of licensed businesses, and may impose sanctions in cases of non-compliance.

M.I.S.A. actively engages with stakeholders on our autonomous island and within the Union to ensure compliance with all relevant laws, norms, and acts. In 2020, M.I.S.A. conducted a large consultation exercise known as M.I.S.A. 2050 with the goal of drafting new, cutting-edge legislation to guide our financial services industry for the next 30 years. This process is ongoing, and we anticipate a complete overhaul of our legislation by 2023.

We recognize the importance, responsibility, and complexity of the services we offer and the nature of our work. Ultimately, our success relies on the satisfaction of our customers worldwide, who utilize the services of M.I.S.A. licensed businesses. We welcome and consider all requests, suggestions, and complaints from our stakeholders, and have established an official complaints procedure that any customer of a licensed business may use. Complaints may be submitted electronically, with all relevant data and attachments, to misa@mwaliregestrar.com Our team of qualified professionals is dedicated to addressing and resolving any issues that arise in order to meet the needs of our stakeholders.

Please note that M.I.S.A. staff are not available on Comoros public holidays. Please refer to our website for a list of these holidays.

It has come to our attention that there is a fraudulent website claiming to be M.I.S.A with the domain name .org. We want to clarify that this website is fake and has no affiliation with M.I.S.A. Furthermore, M.I.S.A does not have any social media profiles, and any images of M.I.S.A certificates circulating on this domain and other sites are also fake.
It is important to note that M.I.S.A only receives payments from regulated agents, trust companies, and not from individuals. Additionally, individuals cannot open a company directly with M.I.S.A or open an account. The only official website for M.I.S.A is https://mwaliregestrar.com.
We take fraudulent activities seriously, and we encourage anyone who comes across such activities to report to local authorities or reach out to us at alu@mwaliregestrar.com. Please do not fall victim to these scams, and always ensure you are on the official M.I.S.A website.