Regulatory Alerts2008-02-15
Guidance Notes for International Trustee Services Providers
The regulatory Authority has issued these Guidance Notes to establish compliance standards for licensed International Trustee Services Providers (ITSPs) operating under Seychelles trust legislation. ITSPs must demonstrate integrity, financial soundness, and professional competence while safeguarding beneficiaries' interests through proper asset segregation, adequate indemnity insurance, and strict adherence to anti-money laundering regulations. Although non-compliance does not trigger automatic sanctions, the Authority will consider relevant breaches when making licensing or supervisory decisions regarding ITSPs.
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