Regulatory Alerts2020-10-01
Added · Updated
Code for International Corporate Service Providers
The Financial Services Authority of Seychelles issues this Code to regulate and license providers of international corporate, trustee, and foundation services under the 2003 Act. It mandates a rigorous application process requiring economic benefit assessments, fit-and-proper determinations for directors, and compliance with anti-money laundering and record-keeping standards. Licensees must maintain minimum capital, display their licence, pay annual fees, adhere to strict operational controls, and face suspension or revocation for non-compliance.
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