All provisions · AML/CFT Regulations 2020 · Part Vii: Appeals board
r.19 Terms and conditions for appointment of Members of Appeals Board
(1) Subject to section 61(1) of the Act, former Governor of the Central Bank of Seychelles, Attorney-General, Chief Executive Officer of the Financial Services Authority and the Director of the Financial Intelligence Unit shall be eligible to be appointed as a Member of the Appeals Board after a cooling-off period of 12 months from the date of demitting the office, of the Governor of Central Bank of Seychelles, the Attorney-General, the Chief Executive Officer of the Financial Services Authority or the Director of the Financial Intelligence Unit, as the case may be.
(2) Members of the Committee and Technical Committee shall not be eligible to be appointed as Member of the Appeals Board.
(3) Staff of the supervisory authorities shall not be eligible to be appointed as Member of the Appeals Board.
(4) A Member of the Appeals Board shall hold office for a period of 3 years and shall be eligible for reappointment for one more term.
(5) A Member of the Appeals Board shall, in the performance of his or her duties, conduct themselves in a manner that upholds the integrity of the office of the Member of the Appeals Board.
(6) Three members of the Appeals Board shall constitute the quorum.
(7) (a) The Minister shall, upon determining, terminate the appointment of a Member—
(i) who has been found guilty of any misconduct, default or breach of trust in the discharge of that Member’s duties; or
(ii) who has been found guilty of an offence of such nature, which renders it desirable that the Member’s appointment be terminated; or
(iii) has been found guilty of failure to declare their direct or indirect interest in the outcome of any appeal under section 61(4) of the Act;
(b) Who is mentally or physically incapable of efficiently discharging functions as a Member of the Appeals Board; and
(c) Who has been absent from the Appeals Board for more than three consecutive meetings without any just cause and after giving a reasonable notice in that regard and an opportunity was given to explain the reasons for not attending the meetings.
(8) Upon submission of a notice in writing to the Minister of the intention to resign from the Membership of the Appeals Board, the Minister may terminate the appointment of such Member after such period as the Member and the Minister may agree.
(9) The Committee shall appoint from amongst the staff of the members of the National Anti-Money Laundering and Countering the Financing of Terrorism Committee, other than those from the Supervisory Authorities, a Secretary to the Appeals Board and the Secretary shall—
(a) be responsible to maintain the records of the Appeals Board; and
(b) perform such other duties as the Appeals Board may direct.
(10) (a) Member of the Appeals Board shall be paid remuneration as per the Remuneration Policy and Framework on Fees for Boards and Government Committees, as amended from time to time.
(b) The remuneration, expenditure and administrative support for the Appeals Board shall be the shared responsibility of the anti-money laundering and countering the financing of terrorism supervisory authorities in accordance with section 61(6) of the Act.
(2) Members of the Committee and Technical Committee shall not be eligible to be appointed as Member of the Appeals Board.
(3) Staff of the supervisory authorities shall not be eligible to be appointed as Member of the Appeals Board.
(4) A Member of the Appeals Board shall hold office for a period of 3 years and shall be eligible for reappointment for one more term.
(5) A Member of the Appeals Board shall, in the performance of his or her duties, conduct themselves in a manner that upholds the integrity of the office of the Member of the Appeals Board.
(6) Three members of the Appeals Board shall constitute the quorum.
(7) (a) The Minister shall, upon determining, terminate the appointment of a Member—
(i) who has been found guilty of any misconduct, default or breach of trust in the discharge of that Member’s duties; or
(ii) who has been found guilty of an offence of such nature, which renders it desirable that the Member’s appointment be terminated; or
(iii) has been found guilty of failure to declare their direct or indirect interest in the outcome of any appeal under section 61(4) of the Act;
(b) Who is mentally or physically incapable of efficiently discharging functions as a Member of the Appeals Board; and
(c) Who has been absent from the Appeals Board for more than three consecutive meetings without any just cause and after giving a reasonable notice in that regard and an opportunity was given to explain the reasons for not attending the meetings.
(8) Upon submission of a notice in writing to the Minister of the intention to resign from the Membership of the Appeals Board, the Minister may terminate the appointment of such Member after such period as the Member and the Minister may agree.
(9) The Committee shall appoint from amongst the staff of the members of the National Anti-Money Laundering and Countering the Financing of Terrorism Committee, other than those from the Supervisory Authorities, a Secretary to the Appeals Board and the Secretary shall—
(a) be responsible to maintain the records of the Appeals Board; and
(b) perform such other duties as the Appeals Board may direct.
(10) (a) Member of the Appeals Board shall be paid remuneration as per the Remuneration Policy and Framework on Fees for Boards and Government Committees, as amended from time to time.
(b) The remuneration, expenditure and administrative support for the Appeals Board shall be the shared responsibility of the anti-money laundering and countering the financing of terrorism supervisory authorities in accordance with section 61(6) of the Act.
Official source: Anti-Money Laundering and Countering the Financing of Terrorism Regulations, 2020 (S.I. 108 of 2020), Revised Edition as at 17 January 2025 (S.I.s 108 of 2020, 139 of 2020, 156 of 2020, 6 of 2022, 67 of 2024)
