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

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English

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

Seychelles: Follow-Up Report 2021

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ESAAMLG-Follow-Up-Report-Seychelles-2021.pdf
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963 KB
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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. 

 

Related reports

See also 

Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)

The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) is a is a FATF-Style Regional Body (FSRB). The main objectives of ESAAMLG are to adopt and implement the 40 Recommendations of the FATF; apply anti-money laundering measures to all serious crime and implement measures to combat the financing of terrorism. ESAAMLG's objective is also to implement any other measures contained in the multilateral agreements and initiatives relevant to prevention and control of laundering of proceeds of all serious crimes and the financing of terrorism and proliferation of weapons of mass destruction.
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Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system. Learn more about the FATF's mutual evaluation process. 

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