The Centre for Legal Business Studies (CLBS) with the support of the Financial Services Authority (FSA) will be hosting an Advanced Workshop on Anti-Money Laundering and Counter Terrorist Financing on the 11th and 12th of August, 2014 at the Le Meridien Fishermen’s Cove Hotel, Bel Ombre. Anti- money Laundering & Counter Financing (AML/CFT) compliance has […]

The Seychelles Financial Intelligence Unit (FIU) has confirmed that it is actively conducting an investigation into the alleged use of offshore corporate structures in Seychelles to launder the proceeds of corruption by members of the former Ukrainian government. These allegations which are internationally tarnishing Seychelles’ reputation have appeared in well-known international media sources such as […]

An investigation is being conducted into the alleged use of offshore companies registered in Seychelles as part of a broader criminal enterprise used to pay over US $18,000,000 in bribes to public officials in India. The information was released through a communiqué by the Seychelles Financial Intelligence Unit (FIU) in which it added it is […]

26 March 2014 – Sakher El Materi, businessman and son-in-law of toppled Tunisian autocrat Zine el-Abidine Ben Ali was granted an extension on his asylum Thursday in the Indian Ocean island nation of Seychelles. El Materi faces charges of corruption, money laundering, and drug consumption. An arrest warrant was issued for him by a court […]

On March 1, 2014, under The Financial Services Authority Act 2013, the Seychelles International Business Authority (SIBA) changed its name to the Financial Services Authority (FSA), and became the regulator for offshore non-bank financial services in the Seychelles. While the SIBA, in the past, was also a service provider and facilitated international business, the FSA […]

Guernsey has signed two further Double Taxation Agreements‚ with the Seychelles and Mauritius‚ bringing the total number of DTAs it has to 10. Both the agreements were signed in London, by Guernsey’s treasury and resources minister Gavin St Pier and the high commissioner for the Seychelles Marie-Pierre Lloyd, and Guernsey’s minister for commerce and employment […]

Bulgaria’s ex-deputy parliament speaker Hristo Biserov was charged Friday with money laundering. The veteran politician was also number-two in the Turkish minority MRF party, a key supporter of the government, until he resigned last week, just days before revelations he and his stepson had channelled dirty money to offshore accounts. Prosecutors said Friday they were […]

– SEYCHELLES INTERNATIONAL BUSINESS COMPANY – SEYCHELLES LIMITED PARTNERSHIP – SEYCHELLES PROTECTED CELL COMPANY – SEYCHELLES TRUSTS – SEYCHELLES FOUNDATIONS Overview 1. The vast majority of companies formed in the Seychelles for offshore purposes are incorporated under the International Business Companies Act 1994 (see below). However this law did not supersede the existing Companies Law 1972, […]