In the midst of rapid advancements and evolving landscapes in financial technology, financial regulation, and ensuring financial security, WikiGlobal stands at the forefront, closely tracking these transformative trends. As we embark on our series of exclusive interviews focusing on these pivotal areas, we are delighted to have had an in-depth conversation with

Mr. Khadun, a seasoned expert and Lead Trainer at the Mauritius Institute of Financial Centre (FSI), holds a pivotal role in shaping the future of FinTech education, virtual assets regulation, and Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Combating the Financing of Proliferation (CPF) compliance in Mauritius and beyond. His extensive regulatory experience, garnered over a decade at the Financial Services Commission, coupled with his current role at the FSI, positions him as an invaluable source of insight and expertise.

In this interview, we delve into Mr. Khadun's professional journey, exploring his unique perspectives on the current challenges and future prospects of the FinTech industry. As a Certified Anti-Money Laundering Specialist (CAMS) and holder of the Cambridge FinTech and Regulatory Innovation Programme qualification, Mr. Khadun is not only a trainer but also a thought leader, actively engaged in curriculum development for the International Graduate Diploma in Financial Crime Compliance and collaborating with the Mauritius Africa FinTech Hub and local FinTech practitioners to elevate the industry's compliance standards.

Read as we uncover Mr. Khadun's insights and learn how his contributions are shaping the future of FinTech, financial regulation, and financial security globally.

Naushad Khadun

Lead Trainer - (FSI) Mauritius

WikiEXPO: What are your expectations for the upcoming WikiEXPO Dubai on November 27th?

Naushad Khadun： I am very much looking forward to the upcoming WikiEXPO Dubai exhibition, which will provide me with the opportunity to share my experience and views on regulation, engage in in-depth exchanges with experts and investors from around the world, and learn about the latest developments and future trends in foreign exchange investment regulation.

WikiEXPO：In your opinion, why is training in fintech, virtual assets, and anti-money laundering/counter-terrorism financing compliance essential?

Naushad Khadun：Training in AML/CFT is not just a regulatory necessity; it's a passion for capacity building. I believe that furnishing individuals with the technical competencies to understand and master the complexities of financial regulations is crucial. It is only through a new understanding of virtual assets and alternative finance, that consumers of financial services and investors will be able to break tradition and overcome barriers. Training in fintech, virtual assets and AML/CFT will grow the market share of numerous service providers working hard and in good faith to provide the world with tailored products and services. It is undeniable that disruptors have spent a lot of time listening closely to end-users and they see a niche market in the provision of services that align better with consumer demand. My wish is to see rising numbers of end-users embrace new technologies and innovative methods of transferring value legally and ethically, ensuring that they contribute positively to the financial ecosystem.

WikiEXPO：As a Certified Anti-Money Laundering Specialist (CAMS), what role do you believe this qualification has played in your career and how do you think the qualification has helped you in your service to the field of AML/CFT?

Naushad Khadun：Becoming ACAMS qualified has transformed my mindset positively on value creation, it has added tremendous quality to my work and it has positively impacted the way I train. By significantly enhancing my technical abilities, I have acquired an improved flair for the conduct of inspections, investigations, and regulatory enforcement assignments. This certification has equipped me with the proficiency to see the bigger picture, ensuring that I can effectively combat financial crimes that are becoming increasingly complex. ACAMS qualifications have been instrumental in my professional growth and success.

Moreover, I am passionate about sharing this knowledge and training the next generation of compliance professionals in the Mauritius International Financial Centre, fostering a culture of excellence and integrity in our industry. I sincerely and passionately believe in building capacity. I see Compliance Officers as advisors to the Board but also shieldmen for their organisations. Their deep understanding of regulatory landscapes and risk management equips them with the authority and insight needed to guide strategic decisions. With the right level of seniority, the greatest compliance officers confidently identify solutions, which are always geared towards the best interests of AML/CFT regulated persons and institutions.

WikiEXPO：Given your qualifications FinTech, i.e. the Cambridge Fintech and Regulatory Innovation program, how do you view the latest global trends in fintech and their impact on Mauritius?

Naushad Khadun：Fintech in Mauritius has seen remarkable growth, especially accelerated by the COVID-19 pandemic, which has fundamentally transformed business relationships and consumer expectations. The shift towards non-face-to-face interactions has driven a surge in demand for digitalized and immediate services. The era of waiting is over, as both financial institutions and end-users now expect seamless, instant transactions. Financial institutions in Mauritius have adapted remarkably well to the challenge, adapting exceptionally well to this new consumer demand. Through innovative measures, they have rapidly embraced and implemented digital solutions that have been warmly welcomed by hundreds of thousands of people across the country. I must also mention that the work conducted by the industry associations such as the Mauritius Africa FinTech Hub have also been pivotal in the development of the fintech sector of the country, by bringing together the fintech community around a common purpose.

WikiEXPO：What effective measures has Mauritius implemented to enhance market transparency and protect investors' interests?

Naushad Khadun：Mauritius has made significant advancements to enhance market transparency through stringent disclosure requirements, evident enforcement actions, and innovative regulatory measures that have been positively evaluated by international standard setting bodies such as the Financial Action Task Force (FATF).

In Mauritius, businesses in numerous segments of financial services are mandated by law, to provide timely and detailed information to potential and existing investors, ensuring they have access to all necessary data to make informed decisions. This includes comprehensive disclosures on financial performance, risk factors, and governance practices.

Regulators in Mauritius actively enforce these requirements, taking decisive actions against non-compliance to maintain market integrity. The regulatory framework has undergone progressive refinements to embrace innovation, ensuring that regulations keep pace with technological advancements and ever-changing market trends. The consistent growth in cross-border fund flows over the last three decades clearly demonstrates the increased confidence international investors have in the Mauritius International Financial Centre.

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Mr. Nathard Carton is an indispensable core force in the Mauritius Financial Centre Institute (FSI), and his professional insights and profound experience have injected strong impetus into the innovation of fintech education. In the field of financial regulation, he not only keeps up with international trends, but also combines Mauritius' local characteristics to design and implement a series of forward-looking regulatory frameworks, effectively balancing innovation and risk control. In this interview, Mr. Nathard Carton shared Mauritius' successful experience, drew on international advanced practices, and continuously optimized the country's regulatory system. His efforts have not only enhanced Mauritius' visibility in the global fintech and regulatory fields, but also provided valuable experience and inspiration for other developing countries.

As the organizer of WikiEXPO, WikiGlobal is committed to strengthening international exchanges and cooperation through offline exhibitions, actively participating in current issues and projects of international financial regulation, deepening the integration and application of financial technology and regulatory technology, improving regulatory efficiency and accuracy, actively promoting industry self-discipline, encouraging financial institutions to adopt best practices, building a more stable and transparent financial ecosystem, and enhancing trading environment security.