All provisions · AML/CFT Act (Cap. 251) · Part Iv: Financial intelligence unit
13 Powers and functions of FIU
The FIU shall have the powers necessary for effective performance of its functions under this Act, and in particular the FIU may—
(a) determine its own staff establishment and the terms and conditions of employment for its staff, and appoint seconded personnel on its staff establishment within the policy framework approved by the Minister;
(b) obtain the services of any person, including any public official, to perform any specific act or function by agreement;
(c) institute or defend any legal action in its own name;
(d) engage in any lawful activity, whether alone or together with any other organisation in Seychelles or elsewhere, to promote its objectives;
(e) direct any reporting entity to take such steps as may be appropriate in relation to any information or report received by the FIU in enforcing the provisions of this Act;
(ea) direct any reporting entity which is in the possession of any record, document or information that is necessary for the discharge of the functions of the FIU to produce such record, document or information to the FIU; (Inserted by Act 62 of 2021)
(f) provide information relating to the suspected commission of an offence to any foreign financial intelligence unit, law enforcement and other relevant authorities, subject to such conditions as may be considered appropriate by the Director of FIU;
(g) collaborate with foreign financial intelligence units, on the basis of mutual agreement and reciprocity, for the discharge of the functions of the FIU subject to the condition that the foreign financial intelligence unit has given appropriate undertakings to—
(i) protect the confidentiality of anything communicated to it; and
(ii) control the use of such information;
(h) disseminate programmes to raise the awareness of the general public and reporting entities about the risks and impact of money laundering and terrorist financing activities related to Seychelles;
and
(i) enter into domestic memorandum of understanding or arrangements with other Agencies or stakeholders for the proper implementation of the provisions of this Act.
(a) determine its own staff establishment and the terms and conditions of employment for its staff, and appoint seconded personnel on its staff establishment within the policy framework approved by the Minister;
(b) obtain the services of any person, including any public official, to perform any specific act or function by agreement;
(c) institute or defend any legal action in its own name;
(d) engage in any lawful activity, whether alone or together with any other organisation in Seychelles or elsewhere, to promote its objectives;
(e) direct any reporting entity to take such steps as may be appropriate in relation to any information or report received by the FIU in enforcing the provisions of this Act;
(ea) direct any reporting entity which is in the possession of any record, document or information that is necessary for the discharge of the functions of the FIU to produce such record, document or information to the FIU; (Inserted by Act 62 of 2021)
(f) provide information relating to the suspected commission of an offence to any foreign financial intelligence unit, law enforcement and other relevant authorities, subject to such conditions as may be considered appropriate by the Director of FIU;
(g) collaborate with foreign financial intelligence units, on the basis of mutual agreement and reciprocity, for the discharge of the functions of the FIU subject to the condition that the foreign financial intelligence unit has given appropriate undertakings to—
(i) protect the confidentiality of anything communicated to it; and
(ii) control the use of such information;
(h) disseminate programmes to raise the awareness of the general public and reporting entities about the risks and impact of money laundering and terrorist financing activities related to Seychelles;
and
(i) enter into domestic memorandum of understanding or arrangements with other Agencies or stakeholders for the proper implementation of the provisions of this Act.
Official source: Anti-Money Laundering and Countering the Financing of Terrorism Act (Cap. 251), Act 5 of 2020, Revised Edition as at 17 January 2025 (Acts 5 of 2020, 7 of 2021, 8 of 2021, 62 of 2021, 9 of 2022, 12 of 2024, S.I. 145 of 2020)
