About us
About the Financial Intelligence Unit (FIU)
The Seychelles Financial Intelligence Unit (FIU) provides financial intelligence relating to suspicious transactions/activities, money laundering, the financing of terrorism and other predicate offences.
The FIU fulfils the functions and exercises powers as set out in the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act).
Vision
Safeguarding our island state from financial crimes
Mission
To deter, detect and disrupt domestic and international money laundering, terrorism financing and proliferation financing and contribute to a resilient financial system through ensuring regulatory compliance, effective supervision, the development of high-quality intelligence reports and the enhancement of domestic and international cooperation in line with international best practices and standards.
Values
Fairness and Mutual respect in the workplace. Treating everyone fairly promoting mutual respect and common decency. Integrity and confidentiality. Acting with strong ethics is a priority for everyone representing the organization. Uncompromising in the pursuit of truth. Being highly committed to unravelling facts, deterring financial crimes is key to our employee.
The FIU functions
The main functions of the FIU as set out in section 12 of Money Laundering and Countering Financing of Terrorism Act, are to serve as the national center for the receipt and analysis of information relevant to money laundering and terrorist financing in an effort to detect financial crime, promote compliance by reporting entities and deter the use of any persons, structures and institutions in Seychelles for financial crime, through the dissemination of financial intelligence reports and any other necessary information, on its own or on request from any other organisation, both domestically and internationally, in relation to money laundering and terrorist financing activities. Other functions include:
Other functions include
- Monitor, supervise, create awareness and train reporting entities, supervisory authorities and the public in respect to their obligation under the AMLA
- Undertake due diligence checks and other inquiries
- Establish cooperation with domestic and international institutions and foreign counterparts, entrusted with the responsibility for organizing an effective AML/CFT regime;
- Exchange information with foreign FIUs based on partnership principles in accordance with the Statute of the Egmont Group of Financial Intelligence Units and in accordance with the Memoranda of Understanding
- Enforce compliance with the AMLA by imposing dissuasive administrative sanctions in cases of non-compliance.
FIU Organisational Structute
