Regulatory Alerts2024-01-01
Circular No. 3 of 2024 - Access within Demarcated ITZ
The Financial Services Authority mandates that International Trade Zone licensees permit authorized officers from the FSA and Seychelles Revenue Commission to access demarcated zones for inspections, searches, and seizures. This directive operationalizes Section 4(3) of the International Trade Zone Act and Section 6(1)(b) of its Regulations, empowering officers to stop, search, and detain goods without a warrant. Licensees must maintain unobstructed access upon officer entry, as non-compliance may trigger enforcement actions.
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