SeychellesSeychelles enacted the Anti-Corruption (Amendment) Act, 2022, which amends existing legislation to close a loophole that had prevented the prosecution of money laundering that occurred before the Anti-Money Laundering and Countering the Financing of Terrorism Act, 2020 came into force.
The Anti-Corruption Commission of Seychelles announced the arrest of a high-profile couple as part of the agency’s investigation into an alleged $50 million corruption and money laundering scheme.
To Evade AML Rules, Exchange Blocked US Clients from Stating Their Locations
A global cryptocurrency exchange and trading platform registered in the Cayman Islands and Seychelles but secretly run from China, Singapore and elsewhere laundered hundreds of millions of dollars from a broad range of crimes since opening in 2017, U.S. authorities alleged Tuesday.
U.S. title insurance firms reported thousands of potentially illicit real estate deals, Westpac knew of AML deficiencies for years, and more, in the weekly roundup.
0 Items Found
| Technical | Effectiveness |
|---|---|
| Compliant : 12 | High : 0 |
| Largely Compliant : 22 | Substantial : 0 |
| Partially Compliant : 4 | Moderate : 1 |
| Non-Compliant : 2 | Low : 10 |
Seychelles' technical compliance was re-rated in a June 5, 2023 follow-up report
| Rank : 48/141 |
| Score : 5.59/10 |
| Rank : 27/180 |
| Score : 66/100 |
| Rank : 95/133 |
| Score : 70/100 |