Central Bank of Seychelles partners with London Stock Exchange Group to host AML CFT and sanctions compliance workshop

The Central Bank of Seychelles (CBS) announced it partnered with the London Stock Exchange Group (LSEG) Risk Division to host a two-day workshop on anti-money laundering and counter-financing of terrorism (AML/CFT) strategies, with a focus on strengthening national capacity to address evolving risks and support a more transparent financial system. The workshop brought together supervisory authorities, law enforcement agencies, financial institutions, payment service providers, and designated non-financial businesses and professions including real estate and legal and finance professionals. Discussion covered the ongoing role of bribery, corruption and illicit financial flows in financial crime, the expanding scope of international sanctions regimes and implications for Seychelles’ AML/CFT framework, and the need for timely access to sanctions data and stronger compliance screening. Participants also discussed using existing inter-agency committees to coordinate implementation of standardised sanctions controls, and supervisors were encouraged to ensure reporting entities apply robust, risk-based sanctions controls ahead of Seychelles’ Mutual Evaluation in 2027. LSEG presented compliance tools including World-Check On Demand, which some local entities already use to manage sanctions exposure, identify politically exposed persons (PEPs), monitor adverse media and track enforcement actions. CBS also reaffirmed it will continue working with domestic and international partners to strengthen Seychelles’ AML/CFT regime and safeguard financial system integrity and resilience.