ESAAMLG’s 6th Enhanced Follow-Up Report on Seychelles notes improved compliance in BO and supervision, but effectiveness gaps in enforcement and risk-based implementation remain

The report recognises progress in areas including beneficial ownership transparency, targeted financial sanctions, preventive measures, and supervision of financial institutions and designated non-financial businesses and professions. ESAAMLG also identifies remaining shortcomings relating to implementation effectiveness, risk-based supervision, and operational outcomes in money laundering investigations, prosecutions, and asset recovery, requiring continued follow-up monitoring…