Seychelles’ Ministry of Finance, National Planning and Trade has launched its second National Risk Assessment (NRA) for Money Laundering and Terrorist Financing, releasing a sanitized version of the report to government, judicial and sector stakeholders. The NRA is intended to support a more informed, risk-based approach to strengthening the national anti-money laundering and countering the financing of terrorism (AML/CFT) framework. The 2022 NRA covers January 2019 to June 2022 and builds on the 2017 assessment, placing greater emphasis on emerging risks including the increasing use of virtual assets and associated financial stability risks, environmental crimes, and evolving challenges from cross-border financial transactions. It also sets out recommendations focused on strengthening compliance measures, capacity building, and enhancing collaboration. Implementation of the recommendations is framed as preparatory work through January 2027, when the third round of Mutual Evaluation is expected to commence.
Ministry of Finance National Planning and Trade (Seychelles) 2025-02-07
Seychelles Ministry of Finance, National Planning and Trade launches second national risk assessment for money laundering and terrorist financing
Seychelles’ Ministry of Finance, National Planning and Trade has launched its second National Risk Assessment for Money Laundering and Terrorist Financing, emphasizing emerging risks like virtual assets and environmental crimes. Covering January 2019 to June 2022, it aims to enhance the national AML/CFT framework with recommendations on compliance, capacity building, and collaboration. Preparatory work for these recommendations is set through January 2027, ahead of the third round of Mutual Evaluation.