This Follow up Report (FUR) sets out Seychelles’ progress in strengthening anti-money laundering and counter terrorist financing measures.
This Follow up Report (FUR) sets out Seychelles’ progress in strengthening anti-money laundering and counter terrorist financing measures. Seychelles has been in an enhanced follow-up process following the adoption of its Mutual Evaluation Report in 2018. In line with the ESAAMLG’s Second Round Procedures for Mutual Evaluations and Follow up Process, the country has reported back to the ESAAMLG on the action it has taken since its September 2018 MER and December 2020 FUR. Since its 2018 mutual evaluation and its December 2020 FUR, Seychelles has made progress in addressing deficiencies against Recommendations 2, 16, 35, 37, 38 & 39 which all were initially rated PC and now rerated to LC and for Rec.7 rerated with PC which was initially rated NC. Seychelles is now compliant on 11 of the 40 Recommendations and largely compliant on 18 of them. It remains non-compliant on 4 Recommendations and partially compliant on 7 Recommendations. Seychelles will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving the implementation of its AML/CFT measures. .
Posted: 07th October 2021
|Memorandum of Understanding|
|Trends and Methods|
|Country National Strategies|
|Compliance and Financial Inclusion|