Regulatory Status

Licence

• Entity: Ireti Capital (Mauritius) Ltd, a company incorporated in Mauritius
• Regulator: Financial Services Commission (FSC), Mauritius
• Licence: Payment Intermediary Services, under section 14 of the Financial Services Act 2007
• Licence number: Application pending

Scope of activities

Initiation, routing and processing of cross-border payments and remittances on behalf of clients.

• Client onboarding and due diligence (KYC, CDD, AML/CFT)
• Validation and compliance review of payment instructions
• Receipt, reconciliation and control of client funds in the IRETI Client Account with our partner bank
• Initiation of payment instructions to regulated financial institutions for execution and settlement
• Transaction status updates and confirmations to clients

Client funds

Client funds are held in the IRETI Client Account with our partner bank, a segregated account opened in the name of Ireti Capital (Mauritius) Ltd for its clients, separately from the company's own funds and operating accounts.

• Funds are received only from the client's own bank account, against an approved payment request and its transaction reference.
• They are used solely to execute that payment and are never used for the company's own purposes.
• The account is reconciled against client orders; funds that cannot be applied to a payment are returned to the account they came from.

What we do not do

• We do not take deposits; client funds are held only to execute the specific approved payment.
• We do not take proprietary positions.
• We do not perform currency conversion: it is performed by a regulated financial institution at execution.
• We do not provide financial advice.

Regulated partners

Partner bank - a bank licensed by the Bank of Mauritius, holding the IRETI Client Account.

Regulated financial institutions and brokers - perform conversion, execution and settlement.