All provisions · AML/CFT Act (Cap. 251) · Part Vii: Supervision and enforcement of compliance
55 Responsibility for supervision
(1) The Central Bank of Seychelles shall supervise and enforce the compliance with the provisions of this Act by all the reporting entities under its regulatory ambit and licensed under the Acts specified in Part A of Schedule 1.
(2) The Financial Services Authority shall supervise and enforce compliance with the provisions of this Act by all the reporting entities under its regulatory ambit and licenced under the Acts specified in Part B of Schedule 1 and entities at serial numbers 7 and 8 of Part C of Schedule 1.
(3) The FIU shall supervise and enforce compliance with the provisions of this Act by the entities (except entities at serial numbers 7 and 8) specified in Part C of Schedule 1.
(4) Notwithstanding anything in subsections (1) to (3), the supervisory authorities shall be the monitoring authorities for the purposes of the Prevention of Terrorism Act (Cap.179) and all the reporting entities, and entities covered under this Act, shall comply with all the requirements under the Prevention of Terrorism Act (Cap.179). (Inserted by Act 8 of 2021)
Written memorandum of understanding amongst supervisory authorities
(2) The Financial Services Authority shall supervise and enforce compliance with the provisions of this Act by all the reporting entities under its regulatory ambit and licenced under the Acts specified in Part B of Schedule 1 and entities at serial numbers 7 and 8 of Part C of Schedule 1.
(3) The FIU shall supervise and enforce compliance with the provisions of this Act by the entities (except entities at serial numbers 7 and 8) specified in Part C of Schedule 1.
(4) Notwithstanding anything in subsections (1) to (3), the supervisory authorities shall be the monitoring authorities for the purposes of the Prevention of Terrorism Act (Cap.179) and all the reporting entities, and entities covered under this Act, shall comply with all the requirements under the Prevention of Terrorism Act (Cap.179). (Inserted by Act 8 of 2021)
Written memorandum of understanding amongst supervisory authorities
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)
