Seychelles' progress in strengthening measures to tackle money laundering and terrorist financing

Seychelles has made significant overall progress in resolving the technical compliance shortcomings identified in its MER and ratings for 7 Recommendations have been revised. The jurisdiction has addressed deficiencies and the following recommendations have been re-rated:

• Recommendation 2  (initially rated PC) is re-rated Largely Compliant
• Recommendation 7 (initially rated NC) is re-rated Partially Compliant
• Recommendation 16 (initially rated PC) is re-rated Largely Compliant
• Recommendation 35 (initially rated PC) is re-rated Largely Compliant
• Recommendation 37 (initially rated PC) is re-rated Largely Compliant
• Recommendation 38 (initially rated PC) is re-rated Largely Compliant
• Recommendation 39 (initially rated PC) is re-rated Largely Compliant

Seychelles will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving and implementing its AML/CFT measures.