13 Beneficial ownership database

(1) The Financial Intelligence Unit shall be the nodal agency to maintain the Seychelles Beneficial Ownership database containing the beneficial ownership information, including the annexure to the register of beneficial owners. (Amended by Act 38 of 2022)
(2) The Financial Intelligence Unit shall establish a dedicated database with all security measures to keep the data intact in the database.
(3) The procedure for uploading the beneficial ownership information onto the database shall be specified by guidelines issued by the Financial Intelligence Unit from time to time.
(4) The procedure for access to the database, by the entities specified in Schedule 2, shall be prescribed. (Amended by Act 38 of 2022)
(5) Responsibility for the accuracy of the information being uploaded on the beneficial ownership database shall be on the legal person or the legal arrangement, as the case may be.
(5a) Notwithstanding section 2(2), a listed company shall, through its resident agent, upload on the database—
(a) the name and registered address of the company;
(b) the incorporation number or registration number of the company;
(c) the date of incorporation or registration of the company;
(d) the fact that the company is a listed company;
(e) the jurisdiction where the company is listed, if not in Seychelles; and
(f) a certification that the listed company is subject to adequate disclosure requirements in terms of transparency of beneficial ownership in the jurisdiction where it is listed. (Inserted by Act 38 of 2022)
(6) A resident agent who or which intentionally furnishes wrong information onto the beneficial ownership database relating to a legal person or a legal arrangement commits an offence and the resident agent, who or which furnished such information on the beneficial ownership database shall be liable on conviction, to imprisonment for a term not exceeding 2 years or to a fine not exceeding SCR150,000 or to both. (Amended by Act 38 of 2022)