Financial Crime World

Compliance Training for Financial Institutions in Seychelles Gains Momentum

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The Financial Services Authority (FSA) has collaborated with the International Compliance Associations (ICA) to conduct a compliance training course specifically designed for financial institutions in Seychelles. The second course of the year 2018, focusing on Anti-Money Laundering (AML), was held at the Guy Morel Institute on November 14th and attracted numerous participants from the industry.

Course Objectives

The one-day workshop aimed to provide an in-depth introduction to the challenges posed by money laundering and terrorist financing faced by financial institutions. The course objectives were:

  • Equip participants with a comprehensive understanding of international best practices
  • Enable participants to effectively combat threats related to money laundering and terrorist financing

Course Content

Jonathan Bowdler, Head of Regulatory Compliance at International Compliance Training (ICT), led the workshop. The course covered topics such as:

  • The risks associated with money laundering and terrorist financing
  • International best practices for combating these threats
  • Practical strategies for implementing effective AML measures

Benefits for Financial Institutions in Seychelles

This AML certificate is an important step towards promoting best practices within the financial services sector. By attending this course, financial institutions in Seychelles can:

  • Gain a comprehensive understanding of international best practices
  • Enhance their ability to combat money laundering and terrorist financing threats
  • Demonstrate compliance with regulatory requirements

Future Training Initiatives

The success of this AML certificate follows the successful completion of a previous compliance training course earlier this year. Plans are underway for further training initiatives in 2019, ensuring that financial institutions in Seychelles continue to receive the support they need to deliver high-quality services.