Our team of friendly experts are here to answer your questions
There are some significant changes to the regime and our detailed note on the new Act can be found here. The more important changes include:
In both cases, companies in existence on 1 December 2016 will have 12 months in which to comply with these requirements.
We will release further blogs in the coming weeks in respect of particular aspects of the new Act.
We believe that the new Act is an important development for the Seychelles enabling it to meet FATF standards and bringing it into closer line with other comparable jurisdictions.