ESAAMLG has completed its assessment of Seychelles’ anti-money laundering and counter-terrorist and proliferation financing (AML/CFT) system. The Mutual Evaluation Report of Seychelles sets out how well Seychelles has implemented the technical requirements of the FATF Recommendations and how effective its AML/CFT system is. The report presents the key findings of the assessment team and the priority actions for Seychelles to improve its AML/CFT system.Download Document
Posted: 09, Nov 18
The ESAAMLG Council Of Ministers Approved And Adopted The Mutual Evaluation Report For The Republic Of Seychelles In August 2008. The Report Was Prepared By ESAAMLG Experts And Before Its Approval By The Council Of Ministers It Was Fully Discussed And Adopted By The ESAAMLG Task Force Of Senior Officials.
Seychelles Has Recently Enacted A Number Of Legislations To Modernise And Strengthen Its AML/CFT Legal Framework. In 2006, It Enacted A New Anti-Money Laundering Act 2006 (AML Act) Which Replaces The Anti-Money Laundering Act Of 1996. The AML Act Transposes Into The AML/CFT Framework Several Core Requirements Of The Revised Recommendations Of The FATF. The New AML Act Provides For The Establishment Of A Financial Intelligence Unit. Seychelles Has Also Taken Significant Legislative Steps To Fight Terrorist Financing With The Adoption Of The Prevention Of Terrorism Act In 2004.
The Report Also Identifies Areas Of Deficiencies In The AML/CFT Framework Of Seychelles. It Makes Comprehensive Recommendations On Actions That Seychelles Needs To Take In The Short And Medium Terms To Strengthen Its AML/CFT System To Fully Comply Over Time With International Standards.
The Finalisation Of This Report Was Subject To Significant Delay. The Contents Of Table 3 In The Report Set Out The Significant Developments That Have Taken Place After The Onsite Visit But Before The Discussion And AdoptDownload Document
Posted: 08, Jan 17
|Memorandum of Understanding|
|Trends and Methods|
|Country National Strategies|
|Compliance and Financial Inclusion|