Regulatory Alerts2020-01-01
Circular No 3 of 2020: Assessment of AML/CFT Controls for Licensees
The Financial Services Authority of Seychelles requires all regulated licensees to submit copies of their institutional money laundering and terrorist financing risk assessments, or confirm pending status, by 14 February 2020. This submission enables the regulator to evaluate existing risk management frameworks and tailor future supervisory guidance in anticipation of the new AML/CFT legislation. Licensees must document their risk identification processes across customers, geographies, products, and delivery channels to comply with Financial Action Task Force recommendations.
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