FATF
MUTUAL EVALUATION REPORTS
In 2017, Seychelles underwent its second round of the Mutual Evaluation process conducted by assessors from countries within the Eastern & Southern Africa Anti-Money Laundering Group (ESAAMLG) region. The Mutual Evaluation is a comprehensive review of a country’s legal, regulator and institution framework to assess the levels of implementation of the international standards set by the Financial Action Task Force (FATF).
The report, which analyses both technical compliance with FATF 40 Recommendations and the effectiveness of the country’s AML/CFT framework, was adopted by the Council of Ministers during the ESAAMLG Plenary held in Seychelles in September 2018. Based on the results of the mutual evaluation, Seychelles is under the Enhanced Follow-up Process and thus required to report on progress made on a bi-annual basis to the ESAAMLG.
Seychelles Mutual Evaluation Report 2008
- 1 file(s)
- 1 MB
Seychelles Mutual Evaluation Report 2018
- 1 file(s)
- 3 MB
Seychelles National Risk Assessment
Seychelles conducted its first National Risk Assessment (“NRA”) in 2016 using the World Bank’s National Money Laundering and Terrorist Financing Risk Assessment Tool. Six (6) working groups were established comprising of stakeholders from both the public and private sector.
The NRA is a comprehensive exercise which assist countries to identify its money laundering and terrorist financing risks, and to assess and understand its ML/TF threats and vulnerabilities in order to apply the appropriate AML/CFT measures which corresponds to those risks.
The results of the NRA process is critical for the development of the country’s National AML/CFT Strategy which is driven by the risks identified to allow for an effective allocation of the country’s resources in order to mitigate the identified ML/TF risks to the country.
Seychelles National Risk Aassessment Report 2017
- 1 file(s)
- 4 MB