Seychelles: Assessment of the Supervision and Regulation of the Financial Sector—Review of Financial Sector Regulation and Supervision

December 3, 2004

Summary

This paper reviews of Sector Regulation and Supervision for Seychelles. Regulation and supervision of the banking sector and foreign exchange bureaus in Seychelles is carried out by the Bank Supervision Division of the Central Bank. Supervision of the credit union and the insurance companies is less formal, and carried out within the Ministry of Finance. Supervision of the housing finance company is shared by the Ministry of Finance and the Ministry of Land Use and Habitat. The development bank has no designated supervisor, but its Board includes representatives from several key ministries.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Crime, Financial institutions, Money laundering, Terrorism, Terrorism financing

Keywords: Africa, AML Act, Anti-money laundering and combating the financing of terrorism (AML/CFT), CBS approval, CBS guidance, CBS requests information, CBS staff, Commercial banks, CR, financing equivalent, foreign exchange, Global, government deposit, government financing equivalent, government policy, housing policy, ISCR, liquidity position, majority government, Money laundering, Terrorism, Terrorism financing

Pages:
43
Volume:
2004
DOI:
https://doi.org/10.5089/9781451836219.002
Issue:
381
Series:
Country Report No. 2004/381
Stock No:
1SYCEA0012004
ISBN:
9781451836219
ISSN:
1934-7685

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