Designated Non-Financial Businesses and Professionals

Designated Non-Financial Businesses and Professionals (DNFBPs) include persons who are engaged in the businesses of buying and selling boats, vehicles, jewellery or other high-value goods as well as those who provide client services, such as legal practitioners, notaries public and accountants involved in transactions concerning the buying and selling of real estate; managing of client money, or other assets.

All reporting entities including DNFBPs must ensure compliance with the obligations set out in the AML/CFT Act, 2020 and its Regulations. This is to be achieved through the establishment of a robust internal control system which must include:

Part of the FIU´s function is to ensure full compliance by DNFBPs through monitoring and supervision. In so doing, the FIU is expected to conduct inspections which can occur on- or off-site depending on the level of risk attributed to the particular entity to ensure compliance with the AML/CFT Act & Regulations.

The FIU looks forward to a cooperative relationship with all DNFBPs in the Seychelles.