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

Publication details

Language

English

Country

Seychelles

Topic

Mutual Evaluations

ESAAMLG Seychelles Follow-Up Report 2023

ESAAMLG Follow-Up Report Seychelles - 2023

Filename: Seychelles-ESAAMLG-Follow-Up-Report-2023.pdf
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Format: application/pdf

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5 june 2023 - Seychelles has made progress in resolving some of the technical compliance deficiencies identified in its 2018 Mutual Evaluation.

Five recommendations have been re-rated.

Recommendation 19 has been upgraded from Partially Compliant to Compliant
Recommendations 5, 25, 28, and 34 have been upgraded from Partially Complian to Largely Compliant

Seychelles will remain in enhanced follow-up

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant | LC = largely compliant | PC = partially compliant | NC = non-compliant

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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.

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

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

Read more Consolidated assessment ratings

The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024