All provisions · AML/CFT Act (Cap. 251) · Part Iv: Financial intelligence unit
15 Appointment of Deputy Director
(1) There shall be a Deputy Chief Executive Officer of the FIU, who shall be known and referred to in this Act as the Deputy Director and shall be appointed by the President on the recommendations of the Selection Committee and the Minister.
(2) A person shall not be qualified to be appointed as a Deputy Director, unless he or she—
(a) is a Seychellois;
(b) holds a degree in law, economics, finance or any discipline from an institution recognised by the Seychelles Qualifications Authority;
(c) has at least seven years of work experience in the relevant field of his or her educational qualifications; and
(d) has such other qualifications or requirements as may be prescribed by regulations.
(3) Notwithstanding the provisions of subsection (2), no person shall be appointed as Deputy Director, if such person—
(a) is a director, employee, shareholder or holds any interest, in a reporting entity;
(b) is mentally incapable of carrying out his or her functions under this Act;
(c) is an insolvent or has been declared bankrupt or enters into an arrangement with his or her creditors whether in Seychelles or elsewhere; or
(d) has been convicted of a felony involving dishonesty whether in Seychelles or elsewhere.
(4) The term of office, terms and conditions, salary and allowances of the Deputy Chief Executive Officer shall be such as may be prescribed.
(2) A person shall not be qualified to be appointed as a Deputy Director, unless he or she—
(a) is a Seychellois;
(b) holds a degree in law, economics, finance or any discipline from an institution recognised by the Seychelles Qualifications Authority;
(c) has at least seven years of work experience in the relevant field of his or her educational qualifications; and
(d) has such other qualifications or requirements as may be prescribed by regulations.
(3) Notwithstanding the provisions of subsection (2), no person shall be appointed as Deputy Director, if such person—
(a) is a director, employee, shareholder or holds any interest, in a reporting entity;
(b) is mentally incapable of carrying out his or her functions under this Act;
(c) is an insolvent or has been declared bankrupt or enters into an arrangement with his or her creditors whether in Seychelles or elsewhere; or
(d) has been convicted of a felony involving dishonesty whether in Seychelles or elsewhere.
(4) The term of office, terms and conditions, salary and allowances of the Deputy Chief Executive Officer shall be such as may be prescribed.
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)
